New Delhi, Aug. 3 -- Nexus Select Trust, India's only publicly listed retail real estate investment trust (Reit), is lining up its next phase of expansion, with plans to acquire eight retail assets across multiple cities as it pushes into eastern India and strengthens its footprint in existing markets.

The acquisition pipeline spans shopping centres in the capital cities of states including Bihar and Jharkhand, one asset in southern India, and additional land and built-up space at two locations where the Reit already operates in north India, according to people familiar with the plans. Two of the transactions are currently in the due diligence stage.

Among the deals, the Blackstone Group-backed Reit is in the process of acquiring a 500,...