Media

TPL REIT raises Rs18.3bn

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.

TPL REIT secures Rs18.35bn in funding round

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…

The Bank of Punjab to invest PKR 2 billion in TPL REIT Fund

Press Releases / 28 Feb, 2022
A signing ceremony was held at BOP’s Karachi office to announce BOP’s investment commitment in TPL REIT Fund. Present on the occasion were Mr. Zafar Masud (President & CEO, BOP), Mr. Farid Ahmed Khan (Group Chief – Corporate & Investment Banking, BOP), Mr. Ali Jameel (Director, TPL REIT Management Company Ltd.), and Mr. Ali Asgher (CEO, TPL REIT Management Company Ltd.)  along with other senior representatives of both organizations..

TPL REITS, A PROMISING OPPORTUNITY FOR REAL-ESTATE INVESTORS

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…

TPL PROPERTIES ACQUIRES LAND FOR MIXED-USE REAL ESTATE IN KARACHI

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…

TPL REIT Fund I receives its first PKR 2 Billion subscription from National Bank of Pakistan

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.

SECP REGISTERS TPL REIT FUND I AS HYBRID REIT SCHEME

News Article / Dec 24, 2021
The Securities and Exchange Commission of Pakistan (SECP) has approved and registered the REIT Scheme namely DCCL Trustee – TPL REIT Fund I, as a Hybrid REIT scheme.

TPL PROPERTIES TO RAISE RS18.3BN FOR THREE KARACHI PROJECTS

News Article / Dec 4, 2021
TPL Properties Ltd is raising a fund of Rs18.35 billion from local institutional investors that its subsidiary will use to acquire and develop three commercial and residential properties in Karachi, according to a recent regulatory filing…

TPL PLANS PAKISTAN’S BIGGEST REIT TO GAIN FROM CONSTRUCTION PUSH

News Article / August 31, 2021
A unit of Pakistan’s TPL Corp plans to raise as much as $500 million through a private real estate investment trust (REIT), marking one of the largest such fundraisings in the nation’s history, Bloomberg reported on Tuesday.