Siddharth Nawal set to become CEO of Nexus Select Trust
In short
Siddharth Nawal is set to take over as CEO of Nexus Select Trust in India, replacing Dalip Sehgal soon. He has worked with Blackstone in retail real estate for about ten years.
The trust wants to buy more retail assets and increase its shopping center count from 19 to 30-35 malls by 2030. The report does not say exactly when Nawal will start.
What the reporting says
Siddharth Nawal will soon replace Dalip Sehgal as CEO of Nexus Select Trust in India. The trust, backed by Blackstone-related retail real estate experience, plans to expand by acquiring more retail assets and grow its shopping center count from 19 to 30-35 malls by 2030. The reporting does not specify the exact start date for Nawal or whether the expansion plan is already underway.
Why it matters
Siddharth Nawal is set to replace Dalip Sehgal as CEO of Nexus Select Trust in India, with Blackstone retail real estate experience behind him. The trust also plans to add more retail assets and expand its mall portfolio from 19 to 30-35 by 2030. The main implication is strategic continuity and growth for the trust, but the precise transition timing is not stated.