Bangalore: Qatar Investment Authority (QIA) is investing $ 300 million in RMZ Corp as Baring Private Equity Partners (BPEP). QIA investment will be one of the largest deals in the Indian Real Estate with a net worth of Rs 1800 crore. RMZ Corp is a Bangalore based real estate company which is South India’s renowned office space developers.According to sources, the deal is in its final stages and money invested by Qatar Investment Authority will be allotted to project requirements; equally divided between equity and debt. The investment will be a part of Special Purpose Vehicle (SPV) and will support RMZ Corp to buy IT parks worth 3000 crore. RMZ will invest in commercial spaces across Bangalore, Pune, Chennai and Hyderabad by means of the QIA funds.SPV is a subsidiary company of RMZ Corp in which BPEP has about 28 per cent stake. Last year, BPEP had invested about 500 crore in the Special Purpose Vehicle to support various commercial investments. RMZ Corp will deploy QIA investment by March 2014 in several projects across the country.Qatar Investment Authority (QIA) is a Doha based firm which is willing to invest about $ 10 billion in real estate over the next few years.RMZ Corp has 84 lakh sq ft of office space across India and about 60 lakh sq ft under development. The firm is also looking to list its office spaces through Real Estate Investment Trust in markets like Singapore and Thailand by the year 2015.займ на карту без отказов круглосуточновзять кредит онлайн
