Karachi May 11 2022: TPL REIT Management Company Ltd (TPL RMC) (a wholly owned subsidiary of TPL Properties Ltd) has successfully entered into Unit Subscription Agreements for its first funding round of PKR 18.35 Billion in its TPL REIT Fund I (Fund) with all initial investors.
As a next step, Fund will start 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 for which required approvals are in place.
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