Global investors venture into the Indian real estate sector
The Competition Commission of India (CCI) has approved Brookfield Private Capital Limited’s acquisition of certain real estate projects of RMZ Group and 100% equity shareholding in CoWrks by under Section 31(1) of the Competition Act, 2002.
The acquiring entity will be a newly formed company belonging to Brookfield Private Capital (DIFC) Limited, CCI announced on 29 Sept 2020.
The real estate projects to be acquired relate to the business of leasing commercial real estate.
These projects are housed under RMZ Infotech Private Limited, RMZ Galleria (India) Private Limited, RMZ North Star Projects Private Limited, RMZ Ecoworld Infrastructure Private Limited and RMZ Azure Projects Private Limited.
CoWrks is engaged in the business of providing desks and seats as co-working spaces. #investment #brookfield #offices #realestate #projects /fiinews.com
