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…
News Article / Jan 15, 2022
Real Estate Investment Trusts (REITs) are investment schemes that allow investors to invest in real estate assets and that aims to distribute dividends from rental income and/or capital gains of unit sales to its unitholders…
News Article / Jan 3, 2022
Pakistan’s real estate developer TPL Properties Limited announced on Monday that it has acquired 40 acres of land in Karachi for the development of mixed-use real estate…
News Article / Dec 31, 2021
TPL REIT Management Company (TPL RMC) manager of TPL REIT Fund I, which is the first hybrid REIT Scheme with a target size of PKR 80 billion, launched the fund with an initial fund size of PKR 18 billion in the first round of closing.
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