Thursday, August 14, 2008

Vornado Realty Trust and Reliance Industries Ltd, India’s largest public company, are teaming up to build and operate shopping centres in India, the US real estate investment trust said on Wednesday.

Each company has agreed to contribute up to $250 million to the 50-50 joint venture that will build large shopping centres, some surpassing 1 million square feet, and be anchored by hypermarkets that Reliance will own and operate



August 14, 2008

Source: Mint