Nexus Select Trust has completed the acquisition of MBD Complex in Ludhiana for a total enterprise value of INR 531 crore (INR 490 crore purchase price plus INR 10 crore stamp duty and capex)
. The Grade‑A urban consumption centre spans ~0.3 million sq ft and includes a 96‑key Radisson Hotel
. With ~95% mall occupancy and marquee tenants (Sephora, Armani Exchange, Calvin Klein, etc.), it delivers strong cash flows
. Fully funded via sustainability‑linked bonds at 7.2% coupon, the acquisition maintains a conservative 18% LTV
Projected FY26 Retail NOI of INR 37 crore and Hotel EBITDA of INR 12.5 crore, with ~INR 12 crore boost to Net Distributable Cash Flow, making it accretive to NAV and DPU
. Strategically strengthens Nexus’s northern India presence alongside Chandigarh and Amritsar assets
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