Blackstone's Nexus Select Trust REIT IPO: Should You Invest?

Indians for the first time will witness the launch of Nexus Select Trust - India's first retail mall focussed REIT (Real Estate Investment Trusts). Backed by Blackstone, the Nexus Select Trust REIT IPO opens on May 9, at an opening price band of Rs 95 - 100 per unit. Investors will get an opportunity to invest, in the otherwise expensive Nexus Malls across 14 cities of India and the prized Select City Walk mall of New Delhi. The REIT boasts of an exciting portfolio with 17 Grade A malls, 2 hotels and 3 office assets. While most REITs in India are office space, and give a yield of around 7% or so, what will India's first retail mall focussed REIT offer? What kind of capital appreciation can one expect from Nexus Select Trust REIT? Manisha Natarajan in conversation with industry experts: Asheesh Mohta - Senior Managing Director, Blackstone, Dalip Sehgal - CEO, Nexus Malls, India and Arjun Sharma - Chairman, Select Group.