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.
A unit of Pakistan’s TPL Corp. has hired Racha Alkhawaja to oversee their expansion into the United Arab Emirates, as more hedge funds look to attract Middle East money.
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…