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HomeEquityMeezan Bank partners with Javedan Corp for $6.6mn REIT project

Meezan Bank partners with Javedan Corp for $6.6mn REIT project

August 04, 2022 (MLN):  Meezan Bank and Javedan Corp. signed a pact to invest $6.6 million (Rs1.5 billion) for the construction of three buildings with more than 400 residential apartments, Bloomberg reported.

Meezan Bank and Javedan will each make 50% of the investment in the project at Naya Nazimabad that will be part of the Globe Residency REIT, it noted.

It is pertinent to note that Javedan Corp. is the real estate arm of Arif Habib Corp.

The project will be listed on the stock exchange after completion in about 18 months, Arif Habib Corp. CEO Arif Habib says in an interview on the sideline.

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Posted on:2022-08-04T16:35:07+05:00

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