TPL REIT Fund, TPL’s technology-focused private fund, has proposed a major shift in its earlier announced plan regarding the wind-up of TPL Technology Zone Phase I (Private) Limited (TTZ), the special purpose vehicle (SPV) undertaking Project C – Technology Park.
During a preliminary site investigation at our development near Korangi Creek, our team encountered a pocket of underground gas while drilling a test well for water exploration.
This is to inform that the TPL team is proactively managing a natural fire that ignited in an open area adjacent to the boundary of its Mangrove property. The fire has been largely contained through the diligent efforts of the fire department, supporting rescue agencies, local government authorities, and the TPL team.
TPL Properties Ltd said on Monday its REIT Fund 1, managed by TPL REIT Management Company, has achieved its first financial close, a securities filing showed.
TPL Properties Limited has announced that its indirect subsidiary TPL Investment Management Ltd (TPLIM) incorporated in Abu Dhabi Global Market (ADGM), has been granted a commercial license and a category 3C Financial Services Permission (FSP) by the ADGM’s Financial Services Regulatory Authority (FSRA) under the Financial Services and Markets Regulations 2015, allowing it to manage a collective investment fund.
TPL Properties Ltd said on Wednesday its wholly-owned subsidiary, TPL REIT Management Company Ltd, has signed unit subscription agreements with “initial investors” in its first funding round of Rs18.35 billion for TPL REIT Fund I.
News Article / 24 March, 2022
TPL REIT Management Company Ltd, a wholly-owned subsidiary of TPL Properties Limited, has successfully secured its first funding round of Rs18.35 billion for its TPL REIT Fund I (Fund), informed the company in its filing to the Pakistan Stock Exchange (PSX) on Thursday, paving way for the REIT to raise its target of Rs80 billion…
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