Nexus REIT Eyes Guwahati Asset for ₹1,300 Crore Expansion

Blackstone-backed Nexus Select Trust is in advanced discussions to acquire a significant mixed-use asset in Guwahati for approximately ₹1,300 crore. The property, still under construction, spans 1.2 million sq ft and includes retail, hotel, and office spaces, poised to expand Nexus Select Trust's portfolio. This acquisition reflects a growing institutional preference for consumption-centric assets located beyond traditional metropolitan centers.

This trend is further exemplified by Inorbit Malls' agreement to acquire two malls for ₹1,242 crore, adding nearly 1.2 million sq ft to its holdings. Experts note that consumption growth in Tier-2 cities is now outpacing several metro catchments, driven by rising disposable incomes and aspiration-led spending. Developers are drawn to these markets due to lower acquisition costs and strong rental growth potential.

Developers are strategically focusing on experience-led retail, integrating entertainment, food, and community spaces. Well-located malls in Tier-2 markets with the right tenant mix are anticipated to become sustainable long-term assets. Nexus Select Trust's acquisition aligns with its strategic goal to significantly expand its portfolio by 2030, having recently completed a bolt-on acquisition in Chandigarh.