Office space firm RMZ raises Rs 2,060 crore
Office space developer RMZ Corp is in the process of raising $300 million (about Rs 2,060 crore) from Qatar Investment Authority (QIA). The decision has been taken for the expansion of it’s office portfolio. RMZ Corp recently purchased 45% shares held by QIA and Baring Private Equity Partners for around $1 billion. The Bengaluru-based real estate company is aiming to increase its total portfolio to 28 million sq ft by next year and 40 million sq ft over the next five years.
Tags : News/Views