Announced
Synopsis
TATA Realty and Infrastructure, a provider of real estate services focusing on the development of residential, commercial and retail properties, and Canada Pension Plan Investment Board, a global investment management organization, agreed to form a $676m joint venture. “TATA Realty and Infrastructure believes in building centers of excellence that provide tenants with high-quality spaces that enable businesses to grow and evolve. With CPP Investments as a strategic long-term partner, the vision of this joint venture is to provide world-class sustainable office space solutions to a diverse set of businesses. This will enable the opening up of new business opportunities for TATA Realty and Infrastructure Limited, allowing us to accelerate our current growth," Sanjay Dutt, TATA Realty and Infrastructure MD & CEO.
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