Tag Archives: RMZ

RMZ in talks with bankers for $300 million REIT offering

Real estate developer RMZ Corp. has started the process of selecting investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which could see the developer raise more than    Rs 2,000 crore, three people aware of the development said. REITs are entities that primarily invest in leased… Read More »

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… Read More »

RMZ to buy remaining 50% stake in Essar Group’s Equinox Business Park in Mumbai

In one of the largest real estate transactions of this year, RMZ will acquire the remaining 50 per cent stake in Essar Group’s commercial project Equinox Business Park in Bandra-Kurka Complex, Mumbai, by the end of this year. The company will pay Rs 2,400 crore for the complete buyout, which will be funded by Qatar… Read More »

Office space developers set to raise $3.5 billion by March 2017

Large office space developers in India are set to raise more than $3.5 billion by March from institutional investors and pension funds. The fundraising will help the property developers bring new investors on board and expand their project portfolios. Bengaluru-based RMZ Corp., backed by the Qatar Investment Authority (QIA), plans to raise about Rs1,700 crore… Read More »

RMZ Corp plans to exit residential business, expand commercial portfolio

Bengaluru-based real estate developer RMZ Corp. is planning to completely move out from the residential business as it sets out on an expansion drive to boost its commercial portfolio across major cities in the country. Backed by Qatar Investment Authority, the company is in the process of rapidly expanding its commercial real estate business as it… Read More »

RMZ Corp plans REIT by April next year

RMZ Corp, the Bengaluru-based property developer backed by Qatar Investment Authority (QIA), is looking to file a prospectus for a real estate investment trust (Reit) by April next year. The company is looking to list its Reit by the third quarter of 2017, RMZ Corp chairman Raj Menda told Business Standard. “Preparation are at a preliminary… Read More »

DLF aims at more leasing revenue

DLF, India’s largest real estate company, is targeting to increase its CRE (office and retail) supply to 36-40 million sft in the upcoming years. Presently, its office and retail space covers around 31 mn sft, of which 2 mn is vacant. The developer has planned to add 4 mn sft of new office space in… Read More »