Nexus Select Trust Share Price in Focus as it Invests ₹434 Crore For 50% Stake In Runwal Gardens Mall

Nexus Select Trust has agreed to acquire a 50% stake in an upcoming retail development in the Mumbai Metropolitan Region as part of its portfolio expansion strategy. The REIT, sponsored by Blackstone Inc., will invest ₹434 crore in the project located in Dombivli. 

Strategic Investment In Runwal Gardens Mall 

The investment relates to the Nexus Runwal Gardens Mall, an under-construction asset with a gross leasing area of 7.4 lakh sq ft. Based on an estimated net leasable area of 4,67,000 sq ft, the transaction values the asset at an overall enterprise value of ₹892 crore, including estimated closing costs and subject to adjustments. 

Nexus Select Trust will acquire 50% equity in Garden City Malls Pvt Ltd, a subsidiary of Runwal Residency Pvt Ltd. The mall will be operated in partnership with Runwal Enterprises, which has delivered 15 projects spanning 11.14 million sq ft and is currently executing 25 projects totalling 17.39 million sq ft, with 32 additional developments in its pipeline. 

Portfolio Expansion In High-Growth Market 

Following the acquisition, Nexus will strengthen its presence in MMR, a key retail consumption hub. The REIT currently owns 19 malls with a gross leasable area of 10.7 million sq ft across 15 cities, along with 3 hotel assets comprising 450 keys and 3 office assets totalling 1.3 million sq ft of gross leasable area. 

Read More: Godrej Properties Share Price in Focus; Signs JDA to Develop 18-Acre Land Parcel in Thane! 

Nexus Select Trust Share Price Performance  

As of 24 February 2026, at 12:10 PM, Nexus Select Trust share price is trading at ₹162.87 per share, reflecting a gain of 0.95% from the previous closing price. Over the past month, the stock has gained by 1.65%. 

Conclusion 

The ₹434 crore investment marks another step in Nexus Select Trust’s strategy to expand its retail portfolio in high-growth urban markets, adding scale through a partnership-led model in the Mumbai Metropolitan Region. 

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