CCI approves acquisition of RMZ’s commercial assets portfolio by Brookfield, Real Estate News, ET RealEstate

NEW DELHI: Fair trade regulator CCI on Tuesday approved the acquisition of realty firm RMZ‘s commercial assets portfolio and co-working business by global investment firm Brookfield. According to the information filed with the regulator, the deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), RMZ North Star Projects, […]

Coronavirus-fueled uncertainty could accelerate consolidation of flexible office spaces, Real Estate News, ET RealEstate

BENGALURU: The flexible office space is expected to undergo a major consolidation phase with uncertainty looming large on the segment due to the Covid-19 pandemic and a resultant demand slump. While a large operator like RMZ is exiting the business, global major WeWork plans to expand as per client specifications only for some time. Awfis […]

RMZ to sell commercial assets to Brookfield for around Rs 14,000 crore, Real Estate News, ET RealEstate

NEW DELHI: Bengaluru-based realty firm RMZ has agreed to sell its completed commercial assets portfolio and co-working business to global investment firm Brookfield for an enterprise value of around Rs 14,000 crore as part of its strategy to become debt free, sources said. The two companies have already approached fair trade regulator CCI for approval […]

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