The Islamabad Stock Exchange Limited has approved the application for formal listing and quotation of Units of Dolmen City REIT on completion of all formalities required under the Listing Regulations of the Exchange w.e.f June 26, 2015.
The real estate investment marketplace is changing around the world because of the widespread adoption of the REIT in 30 countries. In addition to numerous active and passively managed domestic funds (both open and closed-end), new global funds are increasingly popping up, offering an expanded range of investment opportunities to the investors.
Globally, this phenomenon is gaining interest of investors and investors can now choose similar securitized options in Asia, Europe and North America. Opportunities are available in developed countries and in emerging markets. Managers can choose among property fundamentals or stock valuations in several markets in passive indexing or active stock selection strategies. Mian Ayyaz Afzal CEO ISE also said that Rental REITS and Development REITS have a lot of potential in Pakistan.
The market lot of the REIT will be 500 shares of Rs 10 each. The Units of the REIT have already been declared eligible security by the central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL), which had assigned company code / security symbol as "DCR".-PR
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