Blackstone-backed Nexus Select Trust is in advanced talks to acquire Galaxy Group's mixed-use mall, office and hospitality asset in Guwahati for around ₹1,300 crore. The deal marks a decisive institutional push into Tier-2 retail real estate and expands Nexus's footprint into the Northeast.

ET Realty · Shopping Malls · 5/13/2026, 8:57:46 PM

Blackstone-backed Nexus is set to add Galaxy's Guwahati mixed-use asset while Inorbit-SRED closes a ₹1,242 cr twin-mall deal with Prozone. REITs are aggressively consolidating Tier-2 consumption hubs, targeting 30-35 malls by 2030 as institutional capital chases experience-led retail.

The Economic Times · 5/13/2026, 8:28:31 PM