Jun 19
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Canada's CPPIB to invest Rs 2,650 crore in JV with realty firm RMZ Corp
The Canada Pension Plan Investment Board (CPPIB) will invest Rs 2,650 crore in a joint venture with Bengaluru-based realty firm RMZ Corp to develop and acquire commercial projects across India.
RMZ Corp and CPPIB announced that they have entered into their second joint venture to develop and hold commercial office space in key cities across India.
"The total aggregate capital commitment by CPP Investments into the joint venture will be up to Rs 26.5 billion (C$ 449 million), to support the development and acquisition of projects across India," RMZ said in a statement.
Manoj Menda, Corporate Chairman, RMZ Corp said this joint venture will provide additional opportunities to forge new strategic financial co-investments and remain ahead of the curve whilst also significantly increasing capital allocation to the core and development asset portfolios.
RMZ Corp has been recognized as the ‘Most Respected Brand in the Commercial Real Estate sector for 2017’ at the recently concluded Hurun Real Estate Leadership Summit and Excellence Awards on Thursday, 18th January 2018 at The Four Seasons Mumbai.
RMZ Corp is going to take over the 1.25 million sq ft (mnsft) Equinox Business Park that is located in Mumbai’s prime CBD at Bandra Kurla Complex and was until now operated by Equinox Realty, the realty arm of Essar. The park is being renamed as RMZ Equinox Business Park.
South India’s leading corporate developers, RMZ Corp, has launched ‘MyWired’, a unique mobile app geared towards community building and engagement amongst its corporate professionals. In a significant technology boost to its vision of creating collaborative and productive communities among its business parks, RMZ Corp has rolled out the app for all the professionals employed within their world class commercial spaces around India to serve them better and connect with them emotionally by offering more value.
"RMZ Corp Developers is leading real estate developer in South India. RMZ Corp offers luxurious residential property in most prime locations of Noida. "
RMZ Corp Developers is one of the leading Real Estate Developer in South India and has offered a wide range of residential projects in Bangalore. Get all the property details of RMZ Corp Group here.