Nexus Select to buy malls in Hyderabad, to spend Rs 1,000 crore
India's first publicly listed retail Real Estate Investment Trust (REIT) and retail division of the Blackstone Group, Nexus Select Trust is all set to acquire a portfolio of malls spanning 1 million sq ft in Hyderabad from L&T Metro at an estimated value of around Rs 1,100 crore.
The deal will comprise the E-Galleria Mall in Moosarambagh, L&T Metro Mall in Punjagutta, and the Next Galleria Mall near Irrum Manzil.
Also Read: Nexus Select To Add 1.5 Million Sq Ft Retail Assest