Nexus Select Trust Eyes Expansion with Eastern India Mall Acquisitions

Nexus Select Trust is advancing its expansion strategy by considering three mall acquisitions in eastern India. As India's first publicly listed retail REIT, it aims to enhance its portfolio with significant investments in the region. The company plans to incorporate advanced technology in its properties.

Nexus Select Trust is poised to broaden its presence in eastern India through the potential acquisition of three shopping malls, as highlighted by a senior official on Friday.

As the nation's first publicly listed retail Real Estate Investment Trust (REIT), Nexus Select Trust is actively seeking opportunities in this 'priority market' to fortify its portfolio.

The firm is focused on incorporating advanced technology and sustainable features into its properties, including the planned launch of the 'NexusONE' app and a 500-kw rooftop solar installation.

(With inputs from agencies.)