RMZ to sell commercial assets to Brookfield

RMZ is reportedly planning to sell its completed commercial assets portfolio and co-working business to global investment firm Brookfield for an enterprise value of around `140 bn. As reported, this move is in line with the firm’s strategy to become debt free. The company is selling commercial spaces, predominantly offices with small retail portions spanning between 15 mn sq ft and 20 mn sq ft area. After this deal, the company would still have around 5-6 mn sq ft area of completed office space and another 

35 mn sq ft under construction.

Contact: Vithal Suryavanshi, Senior Vice President Sales Marketing, Brookfield.

Address: 8th floor, A-Wing, One BKC, Bandra Kurla Complex, Bandra East, Mumbai-400 051.

Tel:  022-6600 0700.

Website: www.brookfield.com