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Brookfield to invest US$2B in biggest Indian property deal

19 Oct 2020 15:40 | Deepinder Loomba (Administrator)

Brookfield Asset Management will buy an Indian developer’s commercial properties for US$2 billion, the biggest real estate deal in the South Asian nation.

The Canadian asset manager is acquiring 12.5 million square feet of rent-yielding offices and co-working spaces from RMZ Corp., the privately held developer said in a statement on Monday. The Indian firm said it will have zero debt after the transaction and will use the money to expand its portfolio.

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