Nexus Select Trust News and Updates

Name: Latest research reports of Nexus Select Trust REIT authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Nexus Select Trust REIT
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Nexus Select Trust from all sources in a single place.

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Nexus Select Trust REIT

14 Feb 2025

160.46

-0.29%

Vega City Mall acquisition strengthens presence in Bengaluru

Buy: Nexus Select Trust REIT

Recommendation Target

ICICI Securities Limited

The REIT manager of Nexus Select Trust announced the closure of the acquisition of Vega City Mall, a Grade A mall located in south Bengaluru for a total EV of INR 9.1bn (initial purchase cost of INR 8.7bn – funded 100% by debt at 7.7% and balance towards planned capex).

Nexus Select Trust REIT is trading above its 200 day SMA of 145.1

Nexus Select Trust REIT

22 Sep 2024

160.46

-0.29%

Nexus Select Trust in talks to acquire Axis Mall in Kolkata

Business Line

The acquisition of the mall would require a different structure to be set in place since it does not have a single owner or promoter

Nexus Select Trust REIT is trading above its 200 day SMA of 145.1

Nexus Select Trust REIT

13 Aug 2024

160.46

-0.29%

Blackstone-backed Nexus Select goes shopping in Kolkata to buy malls

Business Line

Eyes two malls owned by Ambuja Neotia group, which has dismissed news as incorrect

Nexus Select Trust REIT is trading above its 200 day SMA of 145.1

Nexus Select Trust REIT

09 Aug 2024, 11:53PM

160.46

-0.29%

Blackstone sells over 310 mn units in Nexus Select Trust for Rs 4,355 cr

Business Standard

Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select...

Nexus Select Trust R.. has an average target of 161.00 from 1 broker.

Blackstone sells 20.8% stake in Nexus Select Trust for 4,361 crore

Business Line | 09 Aug 2024, 10:41PM

Nexus Select Trust REIT

08 Aug 2024

160.46

-0.29%

Blackstone To Offload Nexus Select Trust Stake Worth Rs 4,500 Crore

NDTV Profit

Blackstone currently holds around 43% stake in Nexus Select Trust, which is India's first real estate investment trust backed by retail properties.

Nexus Select Trust REIT is trading above its 200 day SMA of 145.1

Blackstone to sell 330 mn units in Nexus Select Trust for nearly Rs 4500 cr

Business Standard | 08 Aug 2024

Nexus Select Trust REIT

01 Aug 2024

160.46

-0.29%

Nexus Select Q1 Results Review - Acquisitions, Organic Uptick Key For Medium-Term Growth: ICICI Securities

NDTV Profit

Growth story on track, new asset infusions key, believes the brokerage.

Nexus Select Trust REIT is trading above its 200 day SMA of 145.1

Nexus Select Trust REIT

30 Jul 2024

160.46

-0.29%

Nexus Select Trust Q1 NOI up 8% YoY, signs term sheets for two acquisitions

Business Line

Revenue from operations rose 6 per cent on year to 553.8 crore, driven by minimum guaranteed rental escalations and increase in trading occupancy in the retail portfolio