Nexus Select Trust REIT plans major portfolio expansion by FY30
after close1 source ↓written by the desknot a recommendation
- in capital expenditure
- ₹5,000–6,000 crore
- 98% occupancy
- 9–10% annual rental growth
Nexus Select Trust REIT aims to double its retail portfolio to 18–20 million sq ft across 30–35 malls by FY30, up from 10.6 million sq ft. The expansion will require ₹5,000–6,000 crore in capital expenditure, funded through debt and equity. With 98% occupancy and 9–10% annual rental growth, the REIT is well-positioned for growth.
• Completed two acquisitions in six months
• Two more expected by FY26
• Tier-II cities represent 45–50% of the portfolio
This expansion could enhance market sentiment towards the REIT sector.
Not investment advice. For informational purposes only.