RMZ Corporation forecasts to sign Real estate deals in US, EU & UK for better returns

Bengaluru based company RMZ Corporation intends to be an ‘Indian founded but a global alternative asset owner.’ One of the Supervisory Board Member, RMZ Corporation, Mihir Menda said that, the company is planning to sign real estate deals in the US, EU and the UK and is hoping to close a few within the next 12 to 15 months.  He also added that, they are planning to expand their business to overseas. 

He quoted, “It definitely comes from a place of just managing risk. The India story is fantastic, but, we want to be an Indian founded but global alternative asset owner. The company has been “actively looking at the EU, the UK. And I think that it's a great transition coming out of India. Going forward, I think the US is also something that's on our radar, specifically, considering that commercial real estate there is in a sort of depression. It’s an opportune time for someone to come in, with the capital-rich structure. There are plenty of opportunities where you can really recycle your capital really quickly. And, there are good opportunities where you can invest for the long term as well.”  

Mihir Menda is currently working in US as a second-generation leader and member of the supervisory board and he is actively involved in building strategic partnerships and evaluating new global markets. The company is eyeing on collecting $100 billion of assets under ownership in RMZ’s portfolio by 2032. Commenting on the asset of the company Menda told, “it's ambitious but achievable.”

He also added, “The ‘next generation’ at RMZ “wants to invest in opportunities, but with a shorter investment horizon. This may include brownfield developments where a developer may have defaulted.”

He explained that, they can magnify their asset by putting their expertise in their work. During December 2020,RMZ Corporation ended the sale of its large commercial portfolio to Brookfield for $2 billion. In the project they sold 18% of its commercial assets and co working business to Brookfield. The company has sold 12.8 million sq ft so far.

Mihir explained that, the focus of the company is cover the asset classes and geographies which will give better return on dollars. The company is aggressively searching for global expansion opportunities and willing to sign deals within 12-15 months.