CPPIB, others in talks with RMZ for joint deals

The Canada Pension Plan Investment Board (CPPIB) and other investors have held talks with Bengaluru-based property developer RMZ Corp to jointly invest in the greenfield developments and acquisition of commercial projects, said a source.

The Canadian pension fund manager already has two separate joint ventures with the Shapoorji Pallonji Group for investing in rental yield assets, and one with the Ajay Piramal group to provide debt to developers.

It recently picked up stake in Phoenix Mills’ Bengaluru subsidiary, which is expected to spearhead the mall developer’s all future acquisitions.
Read more: Business Standard