Nexus Select to deploy ₹2,000 cr on East, Northeast mall buys; Kolkata's Diamond Plaza first off the block
India's listed mall REIT is pivoting acquisitions toward underserved eastern markets, with Kolkata's Diamond Plaza set to close in 6-8 weeks and two further deals in advanced talks. Northeast flagged as a standout consumption pocket, particularly in beauty and personal care, backing a 19% Q4 consumption uptick.
Nexus Select Trust plans ₹2,000 crore in acquisitions this year, expanding mall portfolio into eastern and northeastern India. Kolkata's Diamond Plaza deal closes in 1.5-2 months; two more deals advanced. Northeast flagged as strong beauty/personal care consumption market.