Apart
from Mumbai, investment largely took place in cities such as Pune, Bangalore,
Amritsar, Indore, Ahmedabad and Chandigarh, the firm said.
KOLKATA: Investments
into retail real estate has gained momentum in tier II and tier III
cities and accounts more than metros, according to property consultant
firm JLL India.
"With retail
assets becoming more lucrative, thanks to the impending launch of real
estate investment trusts(REITs), the period between 2015 and Q3 2017 saw an
astonishing 54 per cent of over USD 1.57 billion investments in retail real
estate happening in tier II and III cities, well exceeding those in the metros,"
JLL India MD, retail services, Pankaj Renjhen said in a statement.
This includes
entity-level deals, platform deals and acquisition of stakes in malls.
Some of the global
private equity funds have been investing in the retail real estate sector to
diversify their investment portfolios in India, Renjhen said.
Apart from Mumbai,
investment largely took place in cities such as Pune, Bangalore, Amritsar,
Indore, Ahmedabad and Chandigarh, the firm said.
Investment by PE
funds in retail real estate assets will also bring a structured approach to
leasing, leading to a more regular performance evaluation of brands within
malls, it said.
As retail assets can
become a part of the REIT portfolio, options for exits open up, which enhances
the liquidity of such retail assets, JLL said.
No comments:
Post a Comment