AZB, JSA, Shearman, Ashurst & Ors act on APG $300 million investment in Indian retail realty space

In the largest single deal in the retail real estate sector in India, Dutch pension fund manager APG Asset Management has bought a majority stake in three malls of the Xander Group-owned Virtuous Retail. APG and Xander have invested 77% and 23% in the joint venture, respectively and the deal is valued at $300 million (nearly Rs 2,000 crore), reported ET.