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.















