Nexus Select Trust Names Siddharth Nawal as MD and CEO-Designate
Nexus Select Trust, the first publicly listed retail REIT in India, has named Siddharth Nawal as the Managing Director and CEO designate. Nawal will take over from Dalip Charanjit Sehgal as Managing Director and Chief Executive Officer starting January 1, 2027, after a leadership transition revealed by the board.
Siddharth Nawal is currently a Managing Director in Blackstone’s India Real Estate division and has played a key role in the development of Nexus Select Trust from the beginning. He became a member of the trust's board in November 2025 and was instrumental in its listing in May 2023.
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A CFA charterholder and Chartered Accountant, Nawal became part of Blackstone in 2015 and has been involved in direct asset investments in retail, commercial, hospitality, and residential real estate within India. He was acknowledged in the Institute of Chartered Accountants of India’s 40 Under 40 Awards in 2024 for his impact on finance and real estate.
In his role as Managing Director and Chief Executive Officer, Nawal will guide the trust into its next growth phase, enhancing its collection of retail assets and urban consumption hubs. His appointment occurs as Nexus Select Trust aims to grow its retail platform and leverage growth prospects in India's consumption and organized retail sectors.
Dalip Sehgal has been instrumental in developing Nexus Select Trust into a prominent retail real estate platform. Throughout his time, the trust developed its operational framework, enhanced its governance standards, and followed a methodical growth approach. He also guided the organization through its initial public offering, making it the first retail-focused REIT to be publicly listed in India.
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Asheesh Mohta, Chairman of Nexus Select Trust, stated that the board was assured that Nawal's investment skills and comprehension of the platform would enable him to effectively guide the business during its upcoming growth phase.
Mohta expressed gratitude to Sehgal for his role in establishing the trust and mentioned that the leadership change would aim to enhance the business and generate lasting value for investors.
Regarding his appointment, Siddharth Nawal stated that he had collaborated closely with Nexus over the years and observed the robustness of its portfolio and leadership team. He emphasized India's retail growth potential and stated that the trust was effectively positioned to take advantage of new opportunities.
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Nawal stated that he would collaborate with the Nexus team, Blackstone, and its partners to enhance the portfolio, elevate customer experiences, and generate long-term value for both tenants and investors.
Dalip Sehgal stated that guiding Nexus was an honor and attributed the organization's successes to its people. He voiced assurance in the trust's prospects with Nawal at the helm and stated he would collaborate with the new chief executive and the board to guarantee a seamless transition.
The shift in leadership signifies a new era for Nexus Select Trust as it aims to enhance the retail platform set up under Sehgal and seek additional growth under Nawal's guidance.