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Nexus Select Trust records best-ever quarterly tenant sales of Rs 3,300 crore in Q3

Indias first listed retail Real Estate Investment Trust (REIT), Nexus Select Trust, has reported a record-high quarterly tenant sales of Rs 3,300 crore, marking an 8% YoY increase. The REIT achieved its highest-ever retail occupancy of 97.3% and saw a 14% YoY growth in net operating income. It is on track to meet its financial year 2023-24 guidance and has declared a distribution of Rs 303 crore for the third quarter. Nexus Select Trust has also refinanced debt, resulting in annual savings of Rs...
Dalip Sehgal Nexus Select Real Estate Investment Trust Nexus Select Trust Select Trust What Are Reits

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retail sector | Retail sector set for 10-13 per cent growth in 2024 on luxury, value purchases, demand uptick

Network expansion, a strong uptick in demand for premium brands, increasing traction for value brands in smaller cities and general elections will be among the key drivers for the retail sector, which is also moving from being just a tale of rural and urban markets
Sakshi Suneja Rajat Wahi Kumar Rajagopalan Dalip Sehgal Angshuman Bhattacharya Puneet Mansukhani

Vacancies of office space in IT-SEZs to reduce from govt's move to amend SEZ rules: REITs players

"The Indian REITs Association welcomes this positive development on the SEZ amendment. The growth of Grade A commercial office spaces rests on the demand the industry is witnessing from Global Captive Centres and domestic businesses, and this move is expected to boost demand," said founding members jointly.
New Delhi Indian Reits Association Nexus Select Trust Is India Indian Office Reits Brookfield India Real Estate Trust Embassy Office Parks

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