Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has submitted an independent valuation report by iVAS Partners for an under-construction shopping mall and multiplex project in Dombivli (Kalyan), Thane, to be named 'Nexus Runwal Gardens Mall'. The property has a carpet area of about 4.67 lakh sq ft and a leasable area of about 7.34 lakh sq ft, with an expected completion date of 31 March 2029. The valuation was commissioned in connection with the Trust's plan to acquire a 50% equity stake in Garden City Malls Private Limited, a wholly owned subsidiary of Runwal Residency Private Limited, which is developing the project. The earlier intimation on 23 February 2026 had disclosed the approval of the share purchase and subscription agreement, and this report is being filed with the exchanges as required under SEBI REIT Regulations.
This is a procedural regulatory disclosure (valuation report) supporting the previously announced acquisition of a 50% stake in the Runwal Gardens Mall project. It is broadly neutral to slightly positive for unitholders as it adds transparency around the deal valuation, but the actual financial impact will depend on the final acquisition price and future rental performance once the mall becomes operational in 2029.