Karachi March 24 2022: TPL REIT Management Company Ltd (TPL RMC),a wholly owned subsidiary of TPL Properties Ltd, has successfully secured its first funding round of PKR 18.35 Billion for its TPL REIT Fund I (Fund) with firm investment commitments in place with all initial investors, according to filling at exchange.
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.
Source:
PSX
