CPP Investments, RMZ Corp form second office JV

Canada Pension Plan Investment Board (CPP Investments) and Bengaluru-based RMZ Corp. have formed a second joint venture to develop and own commercial office space in India.

The total aggregate capital commitment by CPP Investments into the joint venture will be up to INR 26.5 billion (C$449 million/$350 million) to support the development and acquisition of projects across India.

“We are delighted to expand our relationship with CPP Investments. This joint venture will provide RMZ 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,” said Manoj Menda, corporate chairman, RMZ Corp. “The two joint ventures together have been established to develop assets worth in excess of $2.5 billion across cities. This partnership takes RMZ a step closer to our supercharge vision and growth strategy by 2032.”

The joint v