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Nexus Select's portfolio expansion drive can give an edge to one important metric

Nexus Select Trust’s ₹1,600 crore Guwahati deal expands its East India footprint as it targets higher NOI and DPU. But its growing dependence on a few malls remains a key risk.

Nexus Select's portfolio expansion drive can give an edge to one important metric
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Nexus Select Trust is acquiring a 100% stake in the Galaxy Complex in Guwahati for ₹1,600 crore, entering northeast India. (Pexel)
Summary

Nexus Select Trust’s ₹1,600 crore Guwahati deal expands its East India footprint as it targets higher NOI and DPU.

Nexus Select Trust, India’s first retail-focused REIT (real estate investment trust) with a portfolio of consumption-related assets, has entered northeast India with an agreement to acquire a 100% stake in the under-construction Galaxy Complex in Guwahati for ₹1,600 crore.

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Reported by Harsha Jethmalani · Syndicated via official news feed

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