Karachi March 21 2023: TPL Properties informed to the exchange that subsequent to the Construction Permit received by HKC (Private) Limited (Company), an SPV and subsidiary of TPL REIT Fund I, the Company has entered into an agreement with M/s Total Construction (Private) Limited for the construction of One Hoshang Project.
Pursuant to this, construction work has commenced at the project site and the same is expected to be completed within the next 3 years
One Hoshang is Pakistan’s first ultra-high-end luxury residential tower, with world-class amenities, comprising G+37 stories. One-Hoshang will be Pakistan’s first LEED Gold certified residential tower that aims to offer a new lifestyle choice that is sustainable and distinct. One Hoshang is located in Karachi’s prime central district, Civil Lines, and offers close proximity to high-end hotels, recreational clubs, businesses, commercial districts and is adjacent to the famous historical site, Frere Hall.
The project is the only approved heritage development in Pakistan, which combines the rich history of the Indian Sub-Continental and British design philosophies into modern architecture offering a single apartment per floor.
As part of the heritage commitment, One Hoshang is restoring the façade of the original building and will maintain a small museum with exhibits from an era gone by.
