Retail realty PE dealslook promising in 2021: Anarock OUR BUREAU Chennai, January 28 Indian retail was one of the worst-affected due to Covid-19, which in turn impacted private equity (PE) investments into the sector in 2020. However, the year 2021 looks promising with many PE investment deals likely in the sector during the year, according toresearch firm Anarock Capital. The year was almost dry for the retail sector in 2020 as against 2019 when it received total inflows of $968 million -the highest between 2015 and 2020. Spillover deals The data on malls deployment in 2020 also reflects the sombre funding scenario, with just five new malls getting added during the year. Pre-Covid-19 data indicated that 54 new malls were to hit the market in 2020. Most of this new supply that failed to be delivered in 2020 has spilled over to 2021, Shobhit Agarwal, MD & CEO, Anarock, said in a release. In 2020, Brookfield Asset Management concluded a portfolio deal of nearly $2 billion into RMZ Corp (approximately 12.5 million sq.ft. of its total real estate assets) including RMZ Galleria Mall. This was tagged as the largestever deal in Indian real estate. Another portfolio deal of $1.5 billion between Blackstone and Prestige was expected to get closed in December 2020, but its closure is now pushed to first quarter 2021. While there are various PE investors considering the retail space presently, meaningful investments are likely to take place only once the sector Shows Signs of bouncing back. Bright future 2021 does look promising with deals like Blackstone to invest into Prestige Group as part of a portfolio deal covering 8 malls; GIC is looking to invest in Phoenix Mills in 2021; WarburgRunwal platform is evaluating various assets in the retail space and Lakeshore is also evaluating Some retail assets, Agarwal said.