Archive · 20 Sep 2025
Nexus Select Trust Eyes Kolkata's Diamond Plaza Acquisition
Imagine a company, Nexus Select Trust, that buys and runs shopping malls.
They're looking to buy Diamond Plaza in Kolkata.
This company is backed by Blackstone, a big investment firm.
They already own many malls across India and want to buy more.
They are focusing on places where people don't have a lot of shopping malls yet.
The deal could cost around ₹500-600 crore.
Their strategy is working as they made ₹2,282.9 crore last year.
This is because more and more people are interested in organized shopping.
Nexus Select Trust is in talks to acquire Kolkata's Diamond Plaza.
The potential deal is estimated to be worth ₹500-600 crore.
Nexus Select Trust aims to increase its presence in the organized and branded consumption segment.
The company's revenue from operations in fiscal 2025 was ₹2,282.9 crore, up 19% from the previous year.
Nexus Select Trust is also evaluating deals in smaller cities like Ranchi and Jamshedpur.
- Who
- Nexus Select Trust, a Blackstone-backed REIT
- What
- Is in advanced talks to acquire Diamond Plaza in Kolkata
- When
- The talks are ongoing as of the article's publication date.
- Where
- Kolkata, India
- Why
- To expand its portfolio of malls and capitalize on the growing demand for organized retail space.
- Company
- Nexus Select Trust (Blackstone-backed REIT)
- Target
- Diamond Plaza, Kolkata
- Estimated Deal Value
- ₹500-600 crore
- Nexus Select Trust Revenue (FY2025)
- ₹2,282.9 crore
- Occupancy Rate (FY2025)
- 97.2%
- Total Area Under Lease (FY2025)
- 1.1 million sq ft
- Tenants in Diamond Plaza
- Pantaloons, Trends, Max, Reliance Digital, W, Manyavar