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TPL Properties Granted Approval for its Mangrove Project

admin-augaf by admin-augaf
November 7, 2022
in Business, Finance
Reading Time: 1 min read
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TPL Properties subsidiary successfully secured investment commitment of PKR 18.35 billion: PSX

TPL Properties subsidiary successfully secured investment commitment of PKR 18.35 billion: PSX

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Karachi November 7 2022: National Management and Consultancy Services (Private) Limited, a subsidiary of TPL REIT Management Company Limited has been granted approval by the Cantonment Board Korangi Creek (CBKC) for its Master Plan submitted for the Mangrove Project.

The Project is a mid to high-rise creekside development with multiple towers ranging from residential, commercial and hospitality along with a retail strip and board walk. The project will cater to all modern day’s amenities ranging from school, hospital, grand mosque, parks, play area and cinemas.

The Project is envisaged as an Environment-friendly and Sustainable development, targeting LEED® Gold certification. The development will emerge as a thriving creekside urban development that will have strong physical and visual connections to the creek. The development will capture its identity as a place that welcomes and integrates a broad mix of people, cultures and destinations into a vibrant mixed-use community. By developing a balanced mix of neighborhood, business and natural systems, it will be a model for economic, environmental and social sustainability

The Master Plan of the Project has been prepared by SSH International, which is a leading architecture and engineering consultant with multiple successful projects across the MEA region.

The Company will now begin the infrastructure development of the Project and will duly submit the building plans for approval by the Cantonment Board Korangi Creek


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