Cyril Amarchand Mangaldas Advises Nexus Select Trust in Joint Venture with Runwal Enterprises
The Cyril Amarchand Mangaldas (CAM) team advised the Nexus Select Trust (Nexus REIT) in its joint venture with Runwal Enterprises, focusing on the construction and development of a mall in Runwal Garden City, Dombivli, Kalyan. This strategic partnership aims to create a premier retail destination in one of Mumbai's key satellite towns.
The transaction involved a multidisciplinary approach, covering various aspects such as structuring, real estate diligence, financing documentation, regulatory compliance, and acquisition documentation. The CAM team was led by Partners Kota Chandan and Krithika Chandrasekaran, who provided overall strategic guidance and coordination.
George Kurian, Principal Associate; Jayant Belgaumkar, Senior Associate; and Sushant Khalkho, Associate, played crucial roles in supporting the lead partners. The Real Estate team, led by Partner Jinal Mehta, undertook detailed title diligence of the land where the mall will be constructed. Senior Associates Yashvi Shah and Ankita Shah provided structuring advice, ensuring that the project adheres to all legal and regulatory requirements.
The Financing team, headed by Partners Pranav Sharma and Hariharan Kumar, was responsible for drafting and negotiating the debt documents. Senior Associate Madhurima Singh and Associate Renuka Nevgi contributed significantly to this aspect, ensuring that the financial arrangements were robust and aligned with the project's objectives.
Pooranimaa Hariharan, Partner, led the drafting of acquisition documents with the assistance of Consultant Tarun Reddy and Associate Isiri SD. Their expertise was crucial in ensuring that the acquisition process was smooth and legally sound.
Janhavi Manohar, Partner, provided valuable advice on the regulatory aspects of the transaction, particularly in relation to the REIT Regulations. This ensured that the joint venture complied with all relevant legal frameworks and regulatory standards.
Aditya Gore, Consultant, and Associates Kamiya Gupta, Akshata Bhat, and Chiranth S, conducted thorough corporate due diligence, which is essential for any large-scale development project. Their meticulous work helped in identifying and mitigating potential risks, ensuring the project's long-term success.
The formation of this joint venture between Nexus Select Trust and Runwal Enterprises marks a significant step in the real estate development sector. With the expertise and comprehensive legal support provided by Cyril Amarchand Mangaldas, the project is well-positioned to become a landmark development in the region.
