Nexus Select Trust, a Blackstone Group-backed retail-focused REIT, has acquired the Vega City mall in Bengaluru for Rs 913 crore
Blackstone Group-backed Nexus Select Trust has acquired a nearly 0.5 million sq ft Grade A retail property Vega City mall in affluent south Bengaluru locality for a total enterprise value of Rs 913 crore. This includes purchase consideration of nearly Rs 870 crore and balance towards planned capex including renewables and closing costs. Read more
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