Bengaluru, Nov. 4 -- Blackstone-backed Nexus Select Trust, India's first publicly-listed retail real estate investment trust (Reit), said on Tuesday that it has a robust acquisition pipeline of ten shopping malls and centres, including one greenfield development, as part of its growth strategy.

Three of these assets are currently under due diligence, and the transactions are expected to be closed in the next 5-6 months. The potential acquisitions are spread across the metros and beyond.

Nexus Reit has clocked a 14% year-on-year rise in retail net operating income (NOI) to Rs.420 crore in the July-September quarter. The company announced its earnings on Tuesday evening.

It achieved tenant sales of Rs.3,500 crore, up 16%, during the peri...