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Blackstone-backed Nexus Select Trust, India’s first listed retail investment trust (Reit) plans to double the number of malls it operates and the retail area under its portfolio in the next three to four years by acquiring existing malls across the country.
Blackstone-backed Nexus Select Trust, India’s first listed retail investment trust (Reit) plans to double the number of malls it operates and the retail area under its portfolio in the next three to four years by acquiring existing malls across the country.
Chief Operating Officer Jayen Naik told Business Standard that Nexus will be looking to fund the expansion through debt and from International Finance Corporation’s (IFC’s) green fund after its malls were certified under the Indian Green Building Council (IGBC) norms.
“We are aiming for at least 30 malls in the next three to four
