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Nexus Select Trust REIT

Nexus Select Trust acquires Vega City Mall in Bengaluru for Rs 913 cr

This includes a purchase consideration of Rs 869.75 crore and a balance towards planned capex, including renewables, and closing costsNew Delhi: Nexus Select Trust has acquired Vega City Mall in Bengaluru for an enterprise value of Rs 913 crore.Nexus Select...

Nexus Select Trust’s net operating income rises 6% in Q3 FY25

The company declared a distribution of Rs 332.69 crore, or Rs 2.196 per unit, for Q3 FY25, reflecting a 10% YoY riseBengaluru: India’s first publicly listed retail Real Estate Investment Trust (REIT), Nexus Select Trust, reported a 6% year-on-year...

Nexus Select Trust in discussion to acquire 5 new assets

The company, which reported 8% Y-o-Y Retail NOI growth in quarter ended 30 June, aims to double its retail net operating income in the next five yearsMumbai: Nexus Select Trust, India’s first listed Retail REIT, is in discussions to...

Nexus Select Trust Q1 net operating income up 7% to Rs 413 cr; to raise up to Rs 1,700 cr

The company achieved retail net operating income of Rs 371.9 crore in April-June period of this fiscal, up 8 per cent from the year-ago periodNew Delhi: Nexus Select Trust, a listed REIT backed by retail real estate, on Tuesday...

Nexus Select Trust records FY24 rev up 13% to Rs 120 billion

Nexus selectIn the fourth quarter of FY24, the company recorded sales totaling Rs 28 billion, demonstrating a 9% YoY increaseBengaluru: Nexus Select Trust (NXST), India’s first publicly listed retail real estate investment trust (REIT), reported a 13% jump in...

Nexus Select Trust posts Rs 107 crore profit in Dec quarter

The company announced the distribution of Rs 303 crore to unitholders in the form of interest and dividendNew Delhi: Nexus Select Trust -- the country's first retail space-backed REIT-- on Tuesday reported a consolidated net profit of Rs 106.85...

Nexus Select Trust REIT IPO subscribed 28 pc on first day of offer

The Rs 3,200 crore-share sale received bids for 5,00,49,000 units against 17,60,00,100 units on offerNew Delhi: The Initial Public Offering (IPO) of Nexus Select Trust, the first REIT backed by rent yielding retail real estate assets, was subscribed 28 per...

Nexus Select Trust acquires 17 malls since 2016; to continue inorganic growth post IPO

The company will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT IPO and this includes fresh issue of units worth up to Rs 1,400 crore and an offer for...

Blackstone’s Nexus plans to double mall portfolio in 4-5 years

Nexus Select Trust has acquired 17 shopping malls since the 2015-16 fiscal year and intends to grow its business inorganicallyNew Delhi: Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in the next...
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