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Canada pension board, Mitsui deals still on for commercial properties: RMZ

According to Raj Menda, chairman of RMZ, the deal would be higher than what was originally planned and involves more cities than just Chennai and Bengaluru

Ongoing construction in front of a flyover in Bengaluru
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RMZ sold its 12.5 million square feet portfolio to Brookfield for Rs 15,000 crore recently.

Raghavendra Kamath Mumbai
After a Rs 15,000-crore pact with Brookfield Asset Management, Bengaluru-based property developer RMZ could soon sign deals with Canada’s biggest pension fund manager Canada Pension Plan Investment Board (CPPIB) and Japan’s Mitsui for commercial properties.

Though both deals were supposed to get signed in March this year, they were delayed due to the lockdown and halting of international flights to and from the country.

RMZ and CPPIB were planning to sign a deal for the former's Chennai assets and with Mitsui, RMZ wanted to ink a deal for its Bengaluru properties. Mitsui and CPPIB were looking to invest similar amounts — in

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