WHAT’S UP

■ Menda family sold portfolio of 12 msf to Canada-based Brookfield last year

■ The deal also involved RMZ selling its coworking company Cowrks to Brookfield RMZ transferred commercial assets

of 10 msf to Menda Family Office

■ The family office will invest ~1,000 crore income in private equity, industrial parks, and so on

■ Recently CPPIB signed a JV with RMZ to invest in the latter’s Chennai and Hyderabad properties

■ RMZ is also looking partner another global investor for office properties

“Of the 55 msf, we will sell 10 msf to retire debt. From the remainder portfolio, 30 msf will be shifted to the family office,” he said.

Mitsui Fudosan came in as an investor 18 months ago as 50-per cent partner in some of RMZ’S projects.

RMZ Corp, led by corporate Chairmen Raj Menda and Manoj Menda, has properties in Bengaluru, Chennai, Hyderabad, and Mumbai.