TPL REIT Fund I completes acquisition of real estate assets’ initial portfolio

MG News | December 12, 2022 at 12:00 PM GMT+05:00

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December 12, 2022 (MLN): TPL REIT Fund I has completed its acquisition of the initial portfolio of real estate assets after completing the acquisition of land for the Tech Park project by way of acquiring a 100% stake in TPL Technology Zone Phase I (Pvt) Ltd (“SPV”) from TPL Properties Limited against the issuance of 162.5 million REIT units, the company filing on the bourse revealed.

This transaction has completed the strategic investment of Rs7,100 million in the Fund by TPL Properties Limited, it added.

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