Nexus Select Trust acquires ₹1,600 crore project in Guwahati
after close1 source ↓written by the desknot a recommendation
- acquisition of Galaxy
- ₹1,600 crore
- 164-key Hyatt Regency hotel
Nexus Select Trust announced a ₹1,600 crore acquisition of Galaxy Infra Creations' mixed-use development in Guwahati, Assam. This project includes a 5 lakh sq ft shopping mall and a 164-key Hyatt Regency hotel, marking the REIT's entry into Northeast India. The deal will be funded through a mix of debt and equity instruments, enhancing long-term portfolio value once operational.
Not investment advice. For informational purposes only.