Nexus Select Trust Company Summary

Nexus Select Trust Summary

Nexus Select Trust was registered on August 10, 2022 as an irreovable trust in the Republic of India at Mumbai, Maharashtra and as a real estate investment trust on September 15, 2022 under the Securities and Exchange Board of India. Axis Trustee Services Limited is the Trustee of the Nexus Select Trust. The Trustee is a wholly owned subsidiary of Axis Bank Limited.Nexus Select Trust is a retail REIT (Real Estate Investment Trust) that owns and operates high-quality shopping malls and other retail properties in India. The Sponsor is a portfolio company of Blackstone real estate funds, which is sponsored by global investment firm, Blackstone with US$951 billion of Assets Under Management as of September 30, 2022, across multiple alternate asset classes including real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets and secondary funds, all on a global basis. The Trust is the owner of Indias leading consumption centre platform of high-quality assets that serve as essential consumption infrastructure for Indias growing middle class. The Trust has a portfolio comprising of 17 operational shopping malls across 14 major cities, covering a 9.8 million square feet area. Additionally, it operates two hotels with 354 keys and office spaces as part of mixed-use development. The Portfolio offers an attractive opportunity to capitalize on Indias consumption growth through a robust business model and diversified asset base that can serve as a natural hedge against inflation. Some of its prominent properties include Select Citywalk in Delhi, Nexus Seawoods in Navi Mumbai, Nexus Koramangala in Bengaluru, Nexus Elante in Chandigarh, and Nexus Ahmedabad One in Ahmedabad. A majority of the Portfolio assets are market leaders in their respective submarkets and serve as shopping, entertainment and social destinations for their respective catchments.The Trust owns two complementary hotel assets, and three office assets of 1.3 million square feet as of December 31, 2022. It has a diversified tenant base of over 1,000 national and international brands across around 3,000 stores. Some of its leading tenants are Apple, Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others. It increases the value of its properties by investing in renovation, expansion and tenant mix optimization.The assets provide a holistic shopping, dining and entertainment experience. Its high quality and diversified asset base makes the customer the partner of choice for domestic and international brands in India. The Trust has proactively curated a diverse mix of tenants across different categories including hypermarket, apparel and accessories, entertainment and F&B to establish our centres as shopping and entertainment destinations in their respective sub-markets.The Trust is proposing an Offer to issue Units for cash aggregating upto Rs 1600 crore through fresh issue.