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Blackstone-backed Nexus Select Trust, India’s first listed retail investment trust (Reit) plans to double the number of malls it operates and the retail area under its portfolio in the next three to four years by acquiring existing malls across the country.
Chief Operating Officer Jayen Naik told Business Standard that Nexus will fund the expansion through debt and from International Finance Corporation’s (IFC’s) green fund of about ₹2,000 crore after its malls were certified under the Indian Green Building Council (IGBC) norms.
The story "Nexus Select Trust eyes 30 malls, 20 mn sq ft retail space in 4 years" has 99 words across 4 sentences, which will take approximately 1 minutes for the average person to read.
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The story "Nexus Select Trust eyes 30 malls, 20 mn sq ft retail space in 4 years" was covered 2 days ago by Business Standard, a news publisher based in India.
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The outlet is headquartered in India and publishes an average of 295 news stories per day.
It's most recent story was published 2 hours ago.
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