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AZB acts on $145m Lake Shore Hyderabad mall buy from Phoenix Group

Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said people aware of the matter. The fund has bought a 6.5 acre parcel in Hyderabad which has a development potential of 1.5 million square feet.
The Economic Times

AZB & Partners advised Lake Shore India Retail Venture Fund (acting through its investment manager, Lake Shore India Advisory Private Limited), led by a team of partners Sai Krishna Bharathan, Vivek Bajaj, Bhuvana Veeraragavan and Rahul Rai, and associates Sonakshi Sharma, Raisa Pinto and Nripi Jolly.


Deal value: $144.7m / INR 10000m

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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