Developing Sustainable Communities for Pakistan

TPL RMC is a REIT Management company established in 2019 and regulated by the SECP. TPL REIT Management Company Limited is 100% owned by TPL Properties Limited (“TPLP”), established to capitalise on the Real Estate development and management expertise of its parent company and tapping into the gap in Pakistan’s market by launching the first Hybrid REIT in the country.
TPL RMC currently manages TPL REIT Fund I which will invest in acquisition of land for development of real estate assets and acquisition of yielding and underperforming real estate assets. TPL REIT Fund I’s investments will be restricted to real estate assets located in Pakistan.
TPL RMC, the Manager, has placed a highly experienced professional management team with strong expertise in investment and asset management of real estate development and yielding assets across Pakistan. It shall set the strategic direction for TPL REIT Fund I and manage its assets to maximize return for the units’ holders through dividend distributions and growth in asset value.

In addition, the Manager shall adhere to the guidelines set out by the Independent Shariah Committee, Investment Committee, and Advisory board, to ensure that the fund adopts a standard of compliance that is accepted in the region in all aspects of its operation.

TPL REIT Fund I is a hybrid fund consisting of development and rental assets that aims to elevate the Real Estate landscape of Pakistan by building sustainable communities. It is Pakistan’s first Hybrid REIT enabling investors to tap into a booming real estate sector and high yielding operating assets. It is a Multi-purpose Shariah-compliant real estate investment trust that aims to generate lucrative returns on premium sustainable real estate development projects and high-yielding operating real estate assets. TPL REIT Fund I aims to earn above benchmark returns through developing, selling, and managing high-quality sustainable assets in Pakistan in several different sectors including commercial, residential, retail, and hospitality.
TPL REIT Fund I plays a vital role in boosting investment in the real estate sector, by attracting international investors into the local market. The real estate development projects will be executed through collaborations with highly reputed international and local consultants to produce quality assets with greenspaces, reduced carbon footprint, and environmentally friendly design through making the most efficient use of the resources.

Characteristics of the REIT Scheme

The scheme shall be managed by TPL REIT Management Company and Sponsored by TPL Properties, a listed Real Estate Developer and Operator, holding a legacy in successfully developing, operating, and exiting state-of-the-art real estate projects.

TPL REIT Fund I’s leading investments shall consist of a mix of Commercial, Residential, Retail, and Hospitality projects, adding a built area of over 13 MN sq. ft. to Pakistan’s real estate market. Through its well-diversified investment portfolio, the trust shall establish itself as an attractive platform for its local and international investors, aiming to provide capital appreciation along with stable returns.

TPL REIT Fund I Scheme adheres to international standards of Corporate Governance through its structure of Shariah, Advisory, and Investment Committees comprising of independent members. Our independent members are seasoned professionals, highly qualified with decades of local and global experience related to fund management, investment banking, real estate investment management, leading large corporates, and risk management.

The Manager

TPL REIT Fund I shall be managed by TPL REIT Management Company Limited (‘the Manager”), a wholly-owned subsidiary of TPL Properties Limited. The company has been incorporated and licensed by SECP to undertake REIT management services .

The Manager has placed a highly experienced professional management team with strong expertise in investment and asset management of real estate development and yielding assets across Pakistan. It shall set the strategic direction for TPL Pakistan REIT and manage its assets to maximize return for the units’ holders through dividend distributions and growth in asset value.

In addition, the Manager shall adhere to the guidelines set out by the Independent Shariah Committee, Investment Committee, and Advisory board, to ensure that the fund adopts a standard of compliance that is accepted in the region in all aspects of its operation.

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