In a strategic move to expand its footprint in the southern Indian market, Nexus Select Trust has acquired a prominent shopping mall in Bengaluru. The acquisition, valued at ₹877 crore, is expected to strengthen Nexus Select Trust’s position as a leading player in the Indian retail real estate sector.
The acquired mall, located in a prime location in Bengaluru, boasts a total leasable area of approximately 4.2 lakh square feet. The mall is currently occupied by a mix of international and domestic brands, offering a diverse range of shopping and entertainment options to customers.
Nexus Select Trust has been actively seeking growth opportunities in key markets across India. This acquisition aligns with the company’s strategy of acquiring high-quality assets that generate stable rental income. The Bengaluru mall is expected to contribute significantly to Nexus Select Trust’s revenue and profitability.
The acquisition is expected to be completed in the coming months, subject to customary regulatory approvals. Nexus Select Trust has expressed its confidence in the long-term growth prospects of the Indian retail market, driven by rising incomes and changing consumer preferences. The company believes that this acquisition will further enhance its portfolio and position it for continued success.
