CapitaLand to up mall investments

It owns stake in eight malls, of which 5 are with Prestige and two are with Advance India Projects

Singapore-based developer/investor CapitaLand, once the biggest investor in Indian malls, seems to be catching up with global investors, such as Blackstone, GIC, and Virtuous Retail (a joint venture between Xander and Dutch pension fund APG) and, after going slow in recent years.
 
Recently, CapitaLand, the South East Asia’s largest property developer, appointed B V Bharadwaja as group country head for India. He will continue as country head for CapitaLand Mall Asia.
 
As group country head, Bharadwaja will look for growth opportunities for CapitaLand Group, including CapitaLand Mall Asia, Ascott or other suitable asset classes in the country, the