CCI clears acquisition of commercial real estate assets by Nexus Select Trust
1 year, 11 months ago

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

Live Mint  

The Competition Commission of India on 13 February approved the acquisition of commercial real estate assets by Nexus Select Trust. As per details, the Nexus Select Trust is a Sebi-registered real estate investment trust and backed by global investment firm Blackstone. According to the proposed transaction plan, it involves the direct acquisition of 100 per cent shareholding of 15 entities and indirect acquisition of 100 per cent shareholding of two entities acting through acquirer REIT's manager -- Select Infrastructure Pvt Ltd and Nexus South Mall Management Pvt Ltd, said the official release. The proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd.

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Blackstone to sell 33 crore units in Nexus Select Trust for nearly ₹4500 cr
5 months ago

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

Hindustan Times  

New Delhi, Aug 8 Global investment firm Blackstone plans to sell 33 crore units in its REIT firm 'Nexus Select Trust' for nearly ₹4500 crore through a block deal on stock exchanges, according to sources. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust backed by retail properties. According …

Nexus Select Trust open to acquiring more top malls after ₹1,000-crore Hyderabad deal
8 months ago

Nexus Select Trust open to acquiring more top malls after ₹1,000-crore Hyderabad deal

Live Mint  

Mumbai: Nexus Select Trust, a retail real estate investment trust backed by Blackstone, said it was open to acquiring more top-tier malls in India after announcing plans to buy three grade-A malls in Hyderabad for ₹1,000 crore. Dalip Sehgal, executive director and chief executive at Nexus Select Trust, said in an interview Friday, “It is difficult to name since the …

Nexus Select Trust’s ₹3,200 cr REIT IPO to open on May 9
1 year, 8 months ago

Nexus Select Trust’s ₹3,200 cr REIT IPO to open on May 9

Live Mint  

Global investment firm Blackstone- backed Nexus Select Trust's initial public offer will open on May 9 to raise up to ₹3,200 crore. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering a 9.8 million square feet area. This will be the third REIT It launched India's first REIT Embassy Office Parks and then …

CCI approves NIIF’s stake purchase in Hindustan Ports
1 year, 11 months ago

CCI approves NIIF’s stake purchase in Hindustan Ports

Live Mint  

The Competition Commission of India on Thursday cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund. The proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd. In a tweet on Thursday, the CCI said it has approved the "acquisition of up to 25 per cent …

Blackstone files DRHP for Nexus Select Trust retail REIT IPO
2 years, 1 month ago

Blackstone files DRHP for Nexus Select Trust retail REIT IPO

Live Mint  

Blackstone Group on Thursday night filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of Nexus Select Trust, India’s first retail real estate investment trust or REIT. The Nexus Select Trust portfolio has 17 shopping malls, spanning 9.8 million sq ft, in 14 cities, with an enterprise valuation of $3 …

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