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Blackstone Files for Nexus Mall REIT IPO at $3 Billion Value

  • Nexus Malls retail REIT could raise as much as $500 million
  • Portfolio has about 10 million square feet of retail space

Blackstone Inc. filed its preliminary draft prospectus with the market regulator for an initial public offering of its Indian shopping mall portfolio.

Nexus Select Trust, a real estate investment trust, could raise as much as 16 billion rupees ($196 million) from the primary issuance of shares, and may also sell existing shares, according to a draft offering document