RMZ and CPP Investments Complete Divestment
RMZ and CPP Investments Complete Divestment of One Paramount 1 for US$264 Million
One Paramount 1, Chennai is a Grade A prime office asset, comprising 2.4 million square feet (msf) of leasable space
Chennai, August 6, 2024 – RMZ Corpor ation, one of India’s largest family-run alternative asset owners, and Canada Pension Plan Investment Board (CPP Investments) announced that they ha ve completed the sale of One Paramou nt 1 to Singapore-based Keppel Ltd., fo r US$264 million.
One Paramount 1 is part of One Param ount, a Grade A prime office asset loca ted in Chennai developed by the real estate joint venture between RMZ and CPP Investments. Strategically situate d in Porur, One Paramount 1 is spread across 12.6 acres of land with 2.4 millio n square feet of leasable space. The ass ...