RMZ and CPPIB to form a joint venture.

RMZ, a privately owned real estate developer, and Canada Pension Plan Investment Board agreed to form a joint venture, which will develop and hold commercial office space in India. CPPIB will invest $210m in the joint venture. "RMZ is widely recognized as one of the most innovative and prolific developers in India, dedicated to working to the highest standards across all aspects of the real estate equation. The partnership with CPP Investments, a globally respected institutional investor, will only strengthen our vision of achieving our hyper-growth strategy target of RMZ 2.0. The value of the partnership assets, once developed, is estimated to be over $1.5bn," Manoj Menda, RMZ Chairman.