hyderabadupdates.com Real Estate Blackstone-backed REIT eyes Diamond Plaza mall buyout

Blackstone-backed REIT eyes Diamond Plaza mall buyout

November 19, 2025November 19, 2025| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 12:10 am
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Nexus Select Trust, backed by Blackstone, is in advanced talks to acquire Diamond Plaza mall in Dum Dum for an estimated Rs 450-600 crore. This potential acquisition follows the REIT’s recent purchase of South City Mall for Rs 3,250 crore. The deal signifies Nexus Select Trust’s continued expansion in India’s retail real estate market, particularly in the eastern region.

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