The Board of Directors of Nexus Select Trust, India’s first publicly listed retail REIT, has announced a planned leadership transition, appointing Siddharth Nawal as Managing Director & Chief Executive Officer Designate. He will succeed Dalip Sehgal as Managing Director & Chief Executive Officer on January 1, 2027. 

Siddharth Nawal is currently a Managing Director in Blackstone’s India Real Estate team and has been closely involved in the development of Nexus, most recently serving as a Director on its Board since November 2025. In his new role, he will lead Nexus through its next phase of growth, building on its portfolio of high-quality urban consumption centres.

Dalip Sehgal has played an important role in building Nexus into a leading retail platform and successfully led its public listing over the past decade. Under his leadership, the organization established a resilient operating platform, strong governance practices and a disciplined approach to growth.

Asheesh Mohta, Chairman, Nexus Select Trust, said: “We thank Dalip for his contributions in helping build Nexus into the business it is today. We are confident that Siddharth, given his deep investment expertise and a strong understanding of the Nexus platform, is well positioned to lead the company’s next chapter of growth. We will help him continue to strengthen the business and create long-term value for our investors.”

Siddharth Nawal said: “I have been fortunate to work closely with Nexus over the years and have seen firsthand the strength of its portfolio and the talent of its team. India presents exciting opportunities for retail, and Nexus is well positioned to capture that growth. I look forward to working with our team, Blackstone and our partners to strengthen our portfolio, deliver exceptional experiences for our customers and create long-term value for our tenants and investors.”

Dalip Sehgal said: “It has been a privilege to lead Nexus, and I am proud of what we have built together. Our people have been central to that success. I am confident Nexus will continue to grow and succeed under Siddharth’s leadership. I look forward to working with him and the Board to ensure a smooth transition and wish him every success as he leads Nexus into its next chapter.”