Real estate investment trust (REIT) Nexus Select Trust (NSEI:NXST), is in talks to acquire The Marina Mall in Chennai which has nearly 600,000 square feet retail space, said people with direct knowledge of the development. The mall, which is located on Old Mahabalipuram Road in Tamil Nadu's capital city of Chennai, was developed through OMR Mall Developers (OMDR) - a special purpose vehicle (SPV) set up in 2008 by partners including owners of the land parcel and realty developer Allied Investments & Housing, which is also the main project contractor.
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5-day change | 1st Jan Change | ||
133 INR | -1.11% | +2.54% | -2.23% |
May. 21 | Nexus REIT in Talks to Buy Marina Mall in Chennai | CI |
May. 18 | 966,994,334 Units of Nexus Select Trust are subject to a Lock-Up Agreement Ending on 18-MAY-2024. | CI |
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+3.00% | 47.89B | |
-11.78% | 12.67B | |
-8.72% | 11.27B | |
-25.43% | 10.53B | |
-2.09% | 7.74B | |
-4.17% | 6.72B | |
-8.58% | 5.61B | |
-4.59% | 4.79B | |
0.00% | 3.96B |
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