Vornado pledges $250 million to Indian mall JV

08/14/2008 | Wall Street Journal, The · Reuters

Vornado Realty Trust has become the latest U.S. retail developer to expand into India. Vornado has entered a joint venture with Indian conglomerate Reliance Industries Ltd. to spend $500 million building and operating shopping centers in the prospective economic power. Many of the shopping centers will be anchored by a hypermarket operated by Reliance.

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Wall Street Journal, The · Reuters

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