Nexus Select targets eight retail asset acquisitions as it expands into eastern India
Nexus Select Trust is pursuing eight mall acquisitions, including a planned 500,000 sq ft shopping centre in Guwahati. With 96% occupancy, ₹510 crore quarterly NOI and nearly $1 billion in debt headroom, the REIT is targeting a doubling of its portfolio by 2030.
Nexus Select Trust plans eight retail-asset acquisitions, including a 500,000 sq ft Guwahati mall, while expanding into eastern India. Strong NOI growth, 96% occupancy and debt headroom support its portfolio-doubling strategy, alongside a new Dombivli mall partnership with Runwal.
Why this matters
The acquisition push follows Nexus Select Trust's ₹1,000 crore AAA-rated NCD refinancing and FY26 results showing ₹25.7 billion revenue and 97% occupancy across 19 malls, while brands increasingly test malls through kiosks amid premium-space constraints.
Retail-company signals are accelerating, up +229117% QoQ.