Karachi December 01, 2021: TPL Properties has notified to PSX that SECP , has accorded its approval to TPL REIT Management Company Limited (“TPL RMC”), a wholly owned subsidiary of TPL Properties Limited, for the registration of the proposed trust deed “TPL REIT Fund I” under the Sindh Trust Act, 2020, with an initial fund size of PKR 18.35 Billion to be raised from local investors and ultimately the target fund size of
PKR 80 Billion to be raised from local and international investors.
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The Company shall now get the Trust Deed registered under the Sindh Trust Act, 2020 and subsequently get the REIT Scheme Registered with the SECP.
