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 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…
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…