ADIA-backed Lake Shore acquires Viviana Mall in Thane for Rs.1,900-Cr

The Abu Dhabi Investment Authority-backed Lake Shore India Advisory has acquired Viviana Mall in Thane from Singapore's sovereign wealth fund GIC and realty developer Ashwin Sheth Group for over INR 1,900 crore. It is the largest ever transaction for a retail asset in India, Viviana Mall occupies a 13-acre plot of land in Thane's Pokhran Road and has a total lease area of 1.7 million sq ft. It houses a multiplex with 14 screens, including an Imax experience.