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Blackstone to sell 33 crore units in Nexus Select Trust for nearly Rs 4500 cr

Blackstone currently holds around 43% stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail propertiesNew Delhi: Global investment firm Blackstone plans to sell 33 crore units in its REIT firm Nexus...

Canada Pension Plan sells shares of Nykaa’s parent, Delhivery for Rs 1,166 crore

The shares were disposed of in the price range of Rs 174.04-388.45 apiece on the NSE and BSENew Delhi: Canada Pension Plan Investment Board on Wednesday sold shares of Nykaa's parent company FSN E-Commerce Ventures and logistics company Delhivery...

Nexus Select Trust REIT IPO subscribed 5.45 times on last day of offer

The portion for non-institutional investors received 6.23 times subscriptions, while the qualified institutional buyers part got subscribed 4.81 timesNew Delhi: The initial public offering (IPO) of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, was...

Nexus Select Trust raises Rs 1,440 cr from anchor investors; to hit market with Rs 3,200 cr REIT IPO on Tuesday

Nexus Select Trust will launch India's first REIT (Real Estate Investment Trust) Initial Public Offer (IPO) backed by rent yielding retail real estate assetsNew Delhi: Blackstone-sponsored Nexus Select Trust, which will hit the capital market on Tuesday, has raised...

Blackstone’s Nexus plans to double mall portfolio in 4-5 years

Nexus Select Trust has acquired 17 shopping malls since the 2015-16 fiscal year and intends to grow its business inorganicallyNew Delhi: Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in the next...

CCI approves acquisition of commercial real estate assets by Nexus Select Trust

The proposed transaction involves the direct acquisition of 100% shareholding of 15 entities and indirect acquisition of 100% shareholding of two entities New Delhi: Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select...

Karnataka’s retail market – strong fundamentals

South India has long been considered a pioneering base for organised retail in India. In fact, the state of Karnataka has been at the forefront of a retail transformation with several firsts to its credit – Bengaluru was home to...

Shopping mall owners to build new projects; looking for acquisition despite COVID-19

Shopping mall owners are bullish about growth prospects of India's retail sector despite the disruption caused by the COVID-19 pandemic and will continue to build new projects as well as look for acquisition to expand their businesses, according to...

Prestige group to sell commercial projects to Blackstone for Rs 9,160 cr

Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore. According to a PTI...

Prestige group in advance talks with Blackstone to sell commercial assets for up to Rs 13.5K crore

Leading realty firm Prestige group is in advance discussion with global investment firm Blackstone to sell its various commercial assets for an estimated Rs 12,000-13,500 crore as part of its strategy to clear debt and achieve future growth, sources...
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Chandni Chowk Wedding Festival draws 1.56 million visitors at Omaxe Chowk

More than 75 brands across fashion, jewellery, and lifestyle from Chandni Chowk and Omaxe Chowk came together for the...
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