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Tata Realty sells Nagpur, Amritsar’s Trilium Malls to Singapore firm for Rs 700 crore


Radhika Dhawad | Dec 10, 2019 18:17

Tata Realty sold its two shopping malls named ‘Trilium Mall’ located at Amritsar and Nagpur for Rs 700 crore to Singapore based firm.
Trilium Mall at Nagpur

Tata Realty sold its two shopping malls named ‘Trilium Mall’ located at Amritsar and Nagpur for Rs 700 crore to Singapore based firm – Virtuous Retail South Asia. Virtuous Retail South Asia Pte Ltd (VRSA) is the retail arm of private equity firm Xander. While the shopping mall at Amritsar in Punjab, has a leasable area of 10,000,00 sq ft, the mall in Nagpur has 7,00,000 sq ft area.

The firm will pool in additional capital and resources for repositioning and rebranding the malls as community-centric, flagship VR centers.

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