Guwahati, Sept. 10 -- Nexus Select Trust, India's first listed retail Real Estate Investment Trust (REIT), is set to make its entry into the Northeast with a Rs 1,600-crore mixed-use development in Guwahati, as part of its broader expansion strategy across eastern and northeastern India.

The company on Wednesday announced plans to acquire a 100% stake in the upcoming Galaxy Complex at Beharbari in Guwahati. The project will feature Nexus Galaxy Mall, a 5 lakh square feet Grade-A urban consumption centre, along with a 164-key Hyatt Regency hotel.

Developed by Galaxy Infra Creations Private Limited, the project will be acquired by Nexus Select Trust after construction is completed and the required regulatory approvals are obtained.

The G...