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Colt Data Centre Services (Colt DCS) and RMZ Corp have announced a $1.7 billion joint venture to strengthen India’s digital infrastructure. The partnership will expand data center capacity in Navi Mumbai, Chennai, and an upcoming third location, addressing the rapidly growing demand for cloud adoption, artificial intelligence, and digital services. This strategic move highlights India’s emergence as a key global hub for data-driven innovation and digital economy growth.

Prologis, the world’s largest warehouse owner, has partnered with RMZ, one of India’s leading alternative asset owners, to develop a state-of-the-art 500,000 sq ft logistics park in Bengaluru. This joint venture marks Prologis’ return to India after 17 years and RMZ’s strategic entry into the industrial and logistics (I&L) sector. With India’s logistics demand rapidly growing, the collaboration aims to build a robust warehousing portfolio across major metros, reinforcing the country’s position as a global supply chain hub.

RMZ Ecoworld 30 in Bengaluru has earned the prestigious WiredScore Platinum certification, the highest global standard for digital connectivity and smart building infrastructure. This recognition for Towers 31 and 32 highlights RMZ’s commitment to delivering future-ready workspaces with high-speed internet, robust mobile coverage, public Wi-Fi, and adaptability for emerging technologies, setting a new benchmark for commercial real estate in India.

RMZ is transforming real estate into a future-ready, high-performance platform. With a diversified portfolio spanning office spaces, logistics, hospitality, and retail destinations, RMZ blends cutting-edge design with sustainability and long-term value creation. Anchored by ESG principles and driven by conviction-led investments, RMZ crafts integrated ecosystems—not just buildings—to elevate urban life and deliver lasting impact.

RMZ – The Firm behind transformative, future-ready real estate. Built on ESG principles, innovation, and a commitment to sustainable growth and long-term value creation.

1. Introduction – Setting the Context

Why this matters: Global investors increasingly prioritize sustainability, asset quality, and capital efficiency.

The collaboration: RMZ Corp, a leading Indian real estate developer, has partnered with Canada’s sovereign fund CPP Investments to establish a 14 million sq ft portfolio of Grade‑A offices across five major Indian cities

2. Demonstrated Expertise in Execution

Track record: The JV has already launched two long-term ventures, delivering seven commercial campuses in cities such as Bengaluru, Hyderabad, Pune, and Chennai .

Flagship assets include:

RMZ Spire & Nexity (Hyderabad)

RMZ StarTech (Bengaluru) – LEED Platinum, fully leased campus rmz.com

One Boat Club (Pune)

RMZ One Paramount 2 (Chennai) cppinvestments.com+2rmz.com+2pehub.com+2

3. Institutional Commitment & Financial Discipline

Large capital infusion:

USD 210 million in the first JV (2021)

CAD 449 million (~₹26.5 billion) for the second JV (2022), anchored by StarTech campus cppinvestments.com+8torys.com+8finance.yahoo.com+8.

Mega-project execution: The combined assets are valued at over USD 1.5 billion once fully developed prnewswire.com.

4. Sustainability & Asset Stewardship

Green building leadership: StarTech is LEED‑Platinum rated—underscoring a commitment to environmental performance and tenant well-being rmz.com+3cppinvestments.com+3torys.com+3.

Full-lifecycle asset strategy: RMZ handles acquisition, build-out, leasing, active management, and capital recycling—empowered by CPP’s long-term investment ethos torys.com+5rmz.com+5yourstory.com+5.

5. Sophisticated Capital Recycling in Action

Strategic exit example: In August 2024, the partnership sold One Paramount 1 in Chennai to Keppel Ltd for USD 264 million, while retaining stakes in about 12.5 million sq ft of strategic assets pehub.com+3finance.yahoo.com+3yourstory.com+3.

What it means for investors: This marks an effective capital redeployment model—mature assets are monetized to fund new sustainable developments.

6. Value for Real Estate Customers

Premium amenities & ESG compliance: Tenants gain access to Grade-A facilities with modern building systems, wellness programs, green certifications, and smart design.

Stable, long-term operations: Institutional ownership by CPP ensures disciplined performance, professional asset management, and ongoing reinvestment.

Future-ready campuses: Every property integrates flexibility, sustainability, and community features, enhancing tenant retention and productivity.

7. Conclusion – Trustworthy & Future-Focused

The RMZ × CPP Investments venture exemplifies how global capital and local real estate expertise can co-create sustainable, future-ready office campuses in India. With a strong focus on ESG, institutional governance, and capital recycling, this partnership sets a new standard for commercial developments.

Explore the RMZ × Prologis JV delivering Grade A warehousing & logistics facilities across a 30-acre park in Bengaluru, setting a benchmark in India’s industrial infrastructure.

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RMZ × CPP Investments – Sustainable Commercial Real Estate

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