Keppel completed the acquisition of One Paramount 1 from RMZ and Canada Pension Plan Investment Board for $264m.

Keppel, an infrastructure company, completed the acquisition of One Paramount 1, an office space, from RMZ and Canada Pension Plan Investment Board, for $264m. "The divestment of One Paramount 1 reflects our commitment to efficient capital management, allowing us to reallocate resources into newer, high-growth opportunities within our portfolio. This transaction not only reflects strong investor confidence in India's commercial real estate sector but also emphasises RMZ’s commitment to unlock immense stakeholder value. Keppel’s acquisition of One Paramount 1 reinforces investor appetite for Grade A office assets in the top office markets of India," Arshdeep Sethi, RMZ President.