Menda Family Office plans to foray into private equity, industrial parks

The Menda Family Office, which owns Bengaluru-based property developer RMZ Corp, is looking to enter areas such as private equity (PE), hospitality, and industrial parks.

It is part of the family’s plan to diversify beyond real estate, said Manoj Menda (pictured), corporate chairman at RMZ. “We can also end up buying hotels, so that we can diversify,” said Menda.

The Menda family sold a commercial property portfolio of 12 million square feet (msf) to Canada-based Brook­field Asset Manag­ement last year for Rs 14,000 crore. The deal also involved RMZ selling its co-working company CoWrks to Brookfield.

After the deal with Brookfield, RMZ had