RMZ Corporation Expanding Globally: Targeting Real Estate Deals in US, EU, and UK

Bengaluru-based RMZ Corporation is setting its sights on a global expansion, with plans to become an ‘Indian founded but a global alternative asset owner.’ The company is actively pursuing real estate deals in the US, EU, and UK, with hopes of closing some within the next 12 to 15 months, according to Mihir Menda, Supervisory Board Member of RMZ Corporation.

In an exclusive interview with HT Digital, Menda revealed the company’s ambitious target of reaching $100 billion in assets under ownership in RMZ’s portfolio by 2032. He emphasized the company’s focus on asset classes and geographies that offer better dollar returns, with a particular interest in opportunities in the US market where commercial real estate is currently experiencing a downturn.

RMZ Corporation recently completed the sale of a large commercial portfolio to Brookfield for $2 billion and has sold 12.8 million sq ft of assets so far. The company, which is privately owned by the Menda brothers, is diversifying into other segments of real estate and has announced a $7 billion investment over the next five years to develop various projects across major cities.

Menda also discussed the company’s interest in distressed real estate assets and the potential for fractional ownership in the real estate market. He highlighted the use of artificial intelligence in real estate, emphasizing the importance of digital infrastructure for building safety and occupier convenience.

Overall, RMZ Corporation is aggressively pursuing global expansion opportunities and is expected to sign several deals within the next year. As the company looks towards the future, it aims to establish itself as a prominent player in the global real estate market while maintaining its Indian roots.