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TPL REIT Fund achieves financial close

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.

Pakistan’s TPL Picks Alkhawaja to Oversee Abu Dhabi Expansion

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 Investment gets commercial license from Abu Dhabi Global Market

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 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.