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First thoughts :
#Nexus #REIT opportunity looks great .
India has 100 Grade A Malls - 17 of them are with BLACKSTONE backed NEXUS.
They aspire to take this number to 35 in the next few years .
They DONT build Malls - They just ACQUIRE 😃
#Nexus #REIT opportunity looks great .
India has 100 Grade A Malls - 17 of them are with BLACKSTONE backed NEXUS.
They aspire to take this number to 35 in the next few years .
They DONT build Malls - They just ACQUIRE 😃
During COVID, they snapped 7 Malls in South from the Prestige Group .
Folks in Bangalore would have seen FORUM Mall in Koramangala becoming NEXUS .
I saw last year Westend Mall becoming Nexus in Pune .
Trend is clear . #REITS #Nexus
Folks in Bangalore would have seen FORUM Mall in Koramangala becoming NEXUS .
I saw last year Westend Mall becoming Nexus in Pune .
Trend is clear . #REITS #Nexus
What makes it interesting is : They have access to 1000 Brands - ZARA , PUMA , LEVIS , QSR Giants etc .
With all they have a Revenue Share Deal !!
So this is a CONSUMPTION Play on India and less of a Real Estate Bet !
The 8.5% Dividend Yield is the Cherry 🍒 on the Cake !
With all they have a Revenue Share Deal !!
So this is a CONSUMPTION Play on India and less of a Real Estate Bet !
The 8.5% Dividend Yield is the Cherry 🍒 on the Cake !
I have a a NO IPO Rule since 2020 , will I break it ? Let’s see 😅
Haven’t spent time on the Valuations, expect something in that bit , after I have studied .
P.S : BLACKSTONE will continue to OWN 43% even after the IPO , they are diluting 17% now .
#REITs #Nexus
Haven’t spent time on the Valuations, expect something in that bit , after I have studied .
P.S : BLACKSTONE will continue to OWN 43% even after the IPO , they are diluting 17% now .
#REITs #Nexus
No Recommendation 🙏
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