Blackstone to buy Delhi's Select Citywalk Mall

Nexus Malls is reportedly in talks to acquire Delhi's premium mall Select Citywalk which generates the highest sales per square foot in the country. According to reports, the acquisition is part of Blackstone group's broader strategy to launch retail REITs. Select group has not added any mall to the portfolio in the 15 years of operation of Select Citywalk. With no plan for expansion, the owners want it to be part of REIT. Real estate investment trust (REIT) is a public listed company that houses rent generating commercial, residential or retail complex.

Also read:
Demand for rental residential houses rose in 2022: Anarock
Rs 900 mn approved from SWAMIH fund for Meerut’s stalled projects


Related Stories

Rs 13.10 Bn Desalination Plant Cleared for Kakinada SEZ

Kakinada SEZ Limited, a wholly owned subsidiary of Auro Infra Realty and Infrastructure, is set to construct a 3x50 MLD desalination plant in Kon...

Read More

Rajasthan Becomes Leading Hub for Decentralized Solar Power

Rajasthan is quickly emerging as a leading centre for decentralized solar energy in India, complementing its broader progress in the solar power ...

Read More

Chennai Metro to Install Real-Time Info Boards Across City

Chennai Metro Rail Limited (CMRL) has initiated a project to install digital display boards at key public locations to guide commuters using real...

Read More

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back