What we do Nexus Select Trust is India's first retail Real Estate Investment Trust owning and operating high-quality shopping malls, hotels, and office spaces across major cities, focusing on urban consumption hubs. |
Founded in 2,022 |
Market share Market leader in retail REIT space with 17 malls and prime assets serving India’s growing middle class across 14 cities. |
Problem solved Provides a platform to invest in stable, income-generating retail real estate while supporting urban retail consumption infrastructure. |
Top clients or who we serve Retail chains, international brands, shoppers; operates B2C malls and B2B leasing for office and hospitality tenants with 1044+ brand tenants. |
Key management - |
Our journey and innovations Listed in 2023, pioneered India’s retail REIT sector, expanded solar energy usage with 55 MW capacity, launched Nexus Quest LMS in 2024. |
Where we operate India’s major urban centers including Delhi, Mumbai, Bengaluru, Chandigarh, Ahmedabad and Navi Mumbai. |
Top products or what we offer Leases shopping mall retail spaces, office rentals, hospitality services, with flagship assets like Select Citywalk and Nexus malls. |
Top brands Select Citywalk, Nexus Seawoods, Nexus Koramangala, Nexus Elante, Nexus Ahmedabad One - leading malls with strong tenant mixes and footfall. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Predominantly recurring income from long-term mall, office leases and hospitality operations. |
Our industry position First retail-focused REIT in India, strong presence with high-quality, diversified asset portfolio and expanding renewable energy investments. |
Financial highlights Fiscal 2023 revenue Rs 2283 crore, net profit Rs 483 crore, robust segment EBITDA supporting growth and investor returns. |
Geographical revenue split Revenue primarily from Indian urban cities where malls and offices operate; no international revenue. |
Order book - |
Whats driving growth Urban consumption growth, diversified tenant base, renewable energy adoption, strategic asset management and expansions. |
Our future plans Expand renewable power capacity, optimize tenant mix, launch innovative retail products, and grow leasing footprint in key markets. |
Our green promise Commissioned over 55 MW solar/hybrid plants, including a 4.2 MW hybrid plant powering 80% of Nexus Ahmedabad One’s energy needs. |
Our people and values Committed to customer-focused mall experiences and sustainable operations, fostering partnership with tenants and communities. |
Key challenges ahead Retail sector cyclicality, evolving consumer behavior, real estate market risk, and maintaining occupancy amid competition. |
Interesting facts India’s first retail REIT, backed by Blackstone affiliate Wynford Investments, managing 9.8 million sq ft retail space and integrated hotels. |
Risks and strategy Mitigates real estate risks via diversified assets, long lease agreements, and continuous focus on asset enhancement and renewable energy adoption. |
