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

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Published - Thursday, 05 Jul, 2018

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.