CPP Investments commits to invest $350m in new JV with India's RMZ Corp

CPP Investments commits to invest $350m in new JV with India's RMZ Corp

Traffic moves along a road in the southern Indian city of Bangalore. Photo: Reuters

Indian real estate investor and developer RMZ Corp (RMZ) and Canada Pension Plan Investment Board (CPP Investments) have entered into their second joint venture to develop and hold commercial office space in key cities across India.

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

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