TPL REIT Fund I completes first funding round, receives final tranche of Rs3.4bn

MG News | December 28, 2023 at 03:15 PM GMT+05:00

0:00

December 28, 2023 (MLN): TPL REIT Fund I (Fund) managed by TPL REIT Management Company Limited (TPL RMC), has successfully completed its first funding round, and has received the disbursement of the third and final tranche worth Rs3.375 billion from its anchor investors, the company's filing on the PSX showed today.

Post disbursement, TPL Properties (strategic investor) is holding 38.7% while other investors will be holding 61.3% in the Fund.

TPL RMC provides REIT management services in Pakistan and is a wholly owned subsidiary of the TPLP, established to capitalize on the Real Estate development and management expertise of its parent company through launching Sustainable Development Impact REIT Funds across diverse real estate asset classes in Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%