Nexus Select Trust has acquired G Galaxy Infraspace Private Limited for an undisclosed amount. The transaction transfers ownership of the Ahmedabad-based real estate company to Nexus Select Trust, which operates as a retail-focused real estate investment trust in India.
G Galaxy Infraspace Private Limited is a real estate company based in Ahmedabad, Gujarat. Its business centers on property and infrastructure development in the local market. Nexus Select Trust holds a portfolio of income-producing retail and commercial assets across India and has been expanding its presence through acquisitions of this kind.
The purchase gives Nexus Select Trust control of an established real estate entity in Ahmedabad, one of Gujarat's largest urban markets. For the trust, adding a local company with existing real estate operations supports its broader effort to deepen its footprint in tier-one Indian cities. The acquisition is a purchase of the company itself rather than an investment of growth capital into it.
Both sides expect operational benefits from combining the two businesses. Nexus Select Trust can apply its asset management and leasing capabilities to the acquired company's properties, while the Ahmedabad operation adds local market knowledge and development experience to the trust's existing platform. The companies have not disclosed the financial terms of the deal or the specific assets involved.
The combined entity will focus on integrating G Galaxy Infraspace's operations into Nexus Select Trust's existing structure. How quickly that integration proceeds, and how the Ahmedabad assets perform within the trust's portfolio, will shape the contribution this acquisition makes to Nexus Select Trust's overall business in the coming years.