RMZ Corp and Japan’s Mitsui Fudosan have entered into a joint venture of up to $1 billion to set up commercial office spaces in Bengaluru, Mumbai and Delhi. This is the Japanese company’s maiden investment in the Indian real estate market.

— The Times of India

Mitsui Fudosan (Asia) Pte Ltd acquired a 50% stake in Akarshak Infrastructure Private Limited.

AZB & Partners advised Millennia Realtors Private Limited (“RMZ”) led by a team of partners Sai Krishna Bharathan and Vivek Bajaj, senior associates Sonakshi Sharma and Samyuktha Santhosh.

Shardul Amarchand Mangaldas advised Mitsui Fudosan Co Ltd led by a team of partner Rudra Kumar Pandey, principal associate Amanjot Malhi, senior associate Srinivas Anirudh, senior associate Vishal Nijhawan, associate Sanyukta Sowani, associate Richa Vatsa and associate Vishalakshi Tiwari. The real estate team was led by partner Mrinal Kumar, principal associate Shrutikirti Kumar, and associate Indira Shankar Reddy and the projects team was led by partner Prashant Sirohi, principal associate Kushal Sinha, and associate R Thejesh.

Mitsui Fudosan was also advised by Japanese firm Mori Hamada Matsumoto, Singapore.

PwC was Mitsui Fudosan’s tax advisor.

2020-01-28

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.