BR100 Increased By (0.52%)
BR30 Increased By (0.15%)
KSE100 Increased By (0.44%)
KSE30 Increased By (0.48%)
AGHA 7.84 Increased By ▲ 0.09 (1.16%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 57.87 Decreased By ▼ -0.79 (-1.35%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 10.30 Decreased By ▼ -0.31 (-2.92%)
CSIL 5.41 Increased By ▲ 0.11 (2.08%)
FCCL 54.99 Increased By ▲ 1.25 (2.33%)
FFL 16.64 Increased By ▲ 0.18 (1.09%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.44 Increased By ▲ 0.16 (2.2%)
KOSM 5.77 Increased By ▲ 0.13 (2.3%)
LOTCHEM 29.45 Decreased By ▼ -0.20 (-0.67%)
MLCF 95.00 Decreased By ▼ -1.36 (-1.41%)
NBP 203.51 Decreased By ▼ -0.02 (-0.01%)
NCPL 57.44 Increased By ▲ 0.59 (1.04%)
NPL 68.32 Increased By ▲ 1.01 (1.5%)
OGDC 316.95 Decreased By ▼ -1.27 (-0.4%)
PACE 10.76 Increased By ▲ 0.13 (1.22%)
PAEL 43.57 Increased By ▲ 1.80 (4.31%)
PIBTL 16.75 Decreased By ▼ -0.06 (-0.36%)
PPL 220.49 Increased By ▲ 0.32 (0.15%)
PRL 49.87 Increased By ▲ 0.82 (1.67%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 28.39 Decreased By ▼ -0.75 (-2.57%)
TBL 9.83 Increased By ▲ 0.06 (0.61%)
TELE 8.90 Increased By ▲ 0.08 (0.91%)
TPL 18.39 Increased By ▲ 1.22 (7.11%)
TPLP 13.03 Increased By ▲ 0.52 (4.16%)
TREET 22.71 Increased By ▲ 0.12 (0.53%)
TRG 59.80 Decreased By ▼ -0.42 (-0.7%)

KARACHI: TPL Properties Limited has announced that TPL REIT Management Company Limited (TPL RMC), 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 with firm investment commitments in place with all initial investors.

The acquisition of the initial three assets (held through SPVs) from TPL Properties (as the strategic investor in the Fund) against cash consideration and issuance of REIT Units is targeted to be completed within next 30 days, material information sent to Pakistan Stock Exchange on Thursday said.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.