Acquisitions7 April 2026 at 08:45 am
Nexus Select Trust to Acquire Diamond Plaza, Kolkata for INR 347.5 Crores
AI Summary
Nexus Select Trust has announced its intention to acquire Diamond Plaza, Kolkata, having approximately 244k sq ft Gross Leasable Area, from M/s. Super Diamond Enterprises. The acquisition will be made through Nexusmalls Whitefield Private Limited, subject to the execution of transaction documents and fulfilment of customary and commercially agreed closing conditions. The transaction is expected to expand Nexus Select Trust's presence in Eastern India and contribute to its revenue.
Key Highlights
- Nexus Select Trust to acquire Diamond Plaza, Kolkata for INR 347.5 Crores
- Acquisition through Nexusmalls Whitefield Private Limited
- Acquisition to expand Nexus Select Trust's presence in Eastern India
- Acquisition subject to execution of transaction documents and fulfilment of customary and commercially agreed closing conditions
- Valuation report issued by iVAS Partners and appointment of Ms. Lopamudra Bidwata Panda as valuer