Nexus to add three malls in portfolio with an investment of Rs 1,000 crore

Nexus Select Trust, India's first publicly listed retail REIT, is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to increase its portfolio to 20 malls and 11 million sq ft. The company's performance of fashion brands is a concern, as they contribute 50% of its business. However, other categories like electronics and beauty are growing by 18-20%, helping Nexus achieve its target.