Global investment firm Blackstone is set to divest 33 crore units of its real estate investment trust (REIT), Nexus Select Trust, in a block deal worth nearly Rs 4500 crore. The transaction will take place on the stock exchanges.

Currently, Blackstone holds approximately 43 percent of Nexus Select Trust, which is recognized as India’s first REIT backed by retail properties. The planned sale is aimed at offloading the units at a floor price of Rs 135 per unit.

This move marks a significant step for Blackstone, as it repositions its portfolio and capitalizes on market opportunities. The sale will likely impact the liquidity and trading dynamics of Nexus Select Trust on the stock exchanges.

The REIT, which focuses on retail real estate, has been a major player in India’s real estate sector, offering investors a chance to gain exposure to high-quality retail properties. Blackstone’s decision to sell a substantial stake reflects its strategic adjustment in response to market conditions and investment objectives.

The transaction is anticipated to attract significant interest from institutional and retail investors, given the scale and prominence of Nexus Select Trust in the Indian real estate market.