RMZ and CPP join hands for commercial real estate development

RMZ Corp and Canada Pension Plan Investment Board (CPP Investments) have entered into a joint venture to develop and hold commercial office space in Chennai and Hyderabad. 

CPP Investments will invest USD 210 mn, which will allow for the expected development of 10.4 mn sq ft of high-quality commercial office sites. The three sites that will form this transaction are RMZ Nexity (Hyderabad), RMZ Spire (Hyderabad) and RMZ One Paramount (Chennai). Of the 10.4 mn sq ft included in the transaction, 7.5 mn sq ft is already under active development.

Contact: RMZ Corp.

Tel: 080-4000 4000.

E-mail: corpsec@rmzcorp.com

Website: www.rmzcorp.com