Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development joint venture between alternative investment firm The Xander Group Inc. and Dutch pension fund APG, has acquired two existing malls and an upcoming retail development project for around $500 million. With the latest acquisitions, Virtuous Retail will own and operate around 11 million sq.ft of retail space in India. “While one acquisition will mark the entry in one of the four metros, the two others are located in the 12 top cities in India.”