Guwahati, Sept. 10 -- Nexus Select Trust, India's first listed retail Real Estate Investment Trust (REIT) and the country's largest owner of Grade-A urban consumption centres, has announced its strategic entry into Northeast India through a landmark transaction for the development of a Grade-A Mall and Hotel in Beharbari, Guwahati.

According to a release, the transaction marks the first step in Nexus' broader strategy to build a presence across the high-potential consumption markets of East and Northeast India, with Guwahati providing an attractive entry point into the region.

Nexus will be acquiring a 100% stake at a purchase consideration of INR 1,600 crores in the upcoming Galaxy Complex, comprising the 0.5M sf Nexus Galaxy Mall and ...