NEW DELHI: RMZ in partnership with Canada Pension Plan Investment Board (CPPIB) plans to develop a commercial project-RMZ Nexus with an investment of $750 million on Jogeshwari-Vikhroli Link Road, Mumbai.
Spanning across 3.74 million sq ft, the project has six towers on a 10.94-acre site. The project is expected to be complete by 2027.
In August 2024, RMZ Corporation and Canada Pension Plan Investment Board (CPP Investments) had completed the sale of One Paramount 1 to Singapore-based Keppel, for $264 million.
One Paramount 1 is part of One Paramount, a grade A office asset located in Chennai developed by the real estate joint venture between RMZ and CPP Investments. The project is spread across 12.6 acres of land with 2.4 million sq ft of leasable space.
As part of their partnership, RMZ and CPP Investments will continue to hold stakes in additional ~12.5 million sq ft of core and under development commercial assets spread across five Indian cities.
