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Canadian investors court Bengaluru realtors for tie-ups

Central business district of Bengaluru saw highest rental increase in country at 17% in 2017

Raghavendra Kamath  |  Mumbai 

After US investors such as Blackstone and Goldman Sachs, Canadian investors — CPPIB, CDPQ’s arm Ivanhoe Cambridge and others — are courting developers based in southern India, according to sources in the know. “The investors have approached RMZ, Prestige Estates, DivyaSree Developers and Bagmane group for some kind of joint platform as they believe they can benefit from stable income and the rental appreciation in the Bengaluru office market,” a source said. Bengaluru accounted for 34 per cent of the total 9.5 million square feet take up in the ...

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First Published: Mon, August 28 2017. 01:37 IST