RMZ Leases 3 lakh sq. ft. Space to Chevron Global

Realty firm RMZ Corporation has g iven around 300,000 sq. ft. of commercial space on lease in Bengaluru to Chevron Global Technology & Services. In a statement on Wednesday, RMZ said it has partnered with Chevron Global Technology & Services Pvt Ltd, which is establishing the $1 billion Chevron Engineering and Innovation Excellence Center (ENGINE) at RMZ's project 'RMZ Ecoworld 30-series' in Bengaluru.

"Under this new lease agreement, RMZ will provide approximately 0.3 million sq. ft. of commercial space, with options for expansion," it added. RMZ Corporation currently has 21 million sq. ft. of office projects in various stages of construction and plans to add another 30 mn.sq. ft. of office space, in the next 2-3 years to have an office portfolio of 50 mn.sq.ft. in six cities. "India is the new epicentre for GCC expansion, seeking sophisticated, tech-powered workspaces ranging from 50,000 to 100,000 sq. ft..." Thirumal Govindraj, CEO, RMZ Office and RMZ NXT, said. This surge is fuelled by both established enterprises seeking multifunctional hubs and emerging players demanding cutting- edge infrastructure, he added.

"Chevron ENGINE will enable local talent in India to advance global operations and projects, leveraging our resources and expertise internationally. ENGINE will provide meaningful work solving today's energy challenges and developing the energy system of tomorrow..." Akshay Sahni, Country Head at Chevron India, said. RMZ Corporation is one of India's largest family-owned alternative asset owners, with a core focus on real estate and infrastructure. Headquartered in Bengaluru, RMZ specialises in real assets, encompassing premium office spaces, industrial & logistics, hospitality, luxury living, mixed-use developments and infrastructure.