Savills steers Marina View deal for HBL AMC

June 27, 2025 (MLN): Signs of renewed confidence are emerging in Karachi’s real estate sector as Savills Pakistan facilitated a major institutional acquisition in the city’s commercial heart.

HBL Asset Management Limited has secured Marina View Tower, a G+23 floor high-rise situated in Clifton, which is one of Karachi’s most sought-after business corridors.

The tower, considered a prime-grade asset, represents a multi-billion-rupee commitment by the acquiring institution, emphasizing a strategic push toward high-value real estate in urban hubs.

With the skyline of Pakistan’s financial capital undergoing a quiet transformation, the deal is a notable marker of how institutional players are returning to the table.

“This milestone reflects the strong and collaborative partnership between Savills and HBL, built on trust, professionalism, and a shared vision,” said Hammad Rana, CEO of Savills Pakistan, in a public statement.

Savills’ transaction team, including Amna Qamar N. and Saad Anis was credited for expertly steering the deal through to completion.

Acknowledgement was also extended to HBL’s key stakeholders in the deal: Mir Adil Rashid, Noman Qurban, and Kamran Muggo.

Although the exact financial terms remain undisclosed, this transaction stands out as one of the largest institutional real estate deals in recent quarters, which is a clear sign of renewed momentum in Karachi’s vertical commercial market.

For HBL Asset Management, the acquisition added a strategic asset to its portfolio in a location primed for long-term demand.

One can say Karachi’s real estate market is finding its rhythm again as economic sentiment steadies, and this deal could be just the first of many to follow.

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