The upcoming TPL REIT fund is not only the first hybrid REIT in PSX, but it is also the largest.<\/p>\n\n\n\n
The management of the fund is handled by TPL REIT Management Company (TPL RMC), which is a subsidiary of TPL Properties Limited (TPLP)<\/strong>.<\/p>\n\n\n\n The TPL REIT is working on three projects.<\/p>\n\n\n\n One Hoshand is spread over 250k square feet<\/strong> and is Pakistan’s first Gold Leed luxury residential tower. <\/p>\n\n\n\n The grey structure<\/strong> of this project is expected to be completed by July 2025<\/strong>.<\/p>\n\n\n\n The phase 1 inventory sale is expected to be completed by 3QFY24.<\/p>\n\n\n\n Mangrove is a community spread over 40 acre of land. It will include residential apartments, offices, and retail space. However, the major portion of this project will be covered by the residential portion.<\/p>\n\n\n\n The development of this project is expected to begin in 2025<\/strong> and completion is expected by 2034<\/strong>.<\/p>\n\n\n\n This project comprises a business hotel and offices. It is spread over 647k square feet<\/strong>. <\/p>\n\n\n\n As of now, the development of this project is on hold. It is expected to resume by the end of 2024 when the economy starts showing signs of recovery.<\/p>\n\n\n\n The IPO price is set at Rs. 17.59<\/strong>, a premium of Rs. 7.59 above par value(Rs. 10).<\/p>\n\n\n\n The first offering of 22.94mn units represents 1.25% of the issued, subscribed and paid-up units.<\/p>\n\n\n\n Since the IPO is related to the Real Estate sector, it carries risks similar to that sector. <\/p>\n\n\n\n If the economic recovery is slow, it will be hard to get the projects up and running. Even if that was achieved, it would be difficult to get to near 100% tenancy. This is primarily a residential project and with the public’s purchasing power already down, tenancy may not be so straightforward.<\/p>\n\n\n\n There is also the risk of increasing construction costs, in which case the assumptions about the expected RoE may no more stand true.<\/p>\n\n\n\n Either way, there haven’t been many IPOs in the PSX lately and investors would want to get their hands on this one hoping to make some quick gains at least.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The upcoming TPL REIT fund is not only the first hybrid REIT in PSX, but it is also the largest.<\/p>\n","protected":false},"author":2,"featured_media":4654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[235,121,228,124],"class_list":["post-4649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-psx-blog","tag-reit","tag-tpl","tag-tpl-reit","tag-tplp"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/TPL-REIT-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/TPL-REIT-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/TPL-REIT-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/TPL-REIT.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4649"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4654"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What projects is TPL REIT working on?<\/h2>\n\n\n\n
1. One Hoshang<\/h3>\n\n\n\n
2. Mangrove<\/h3>\n\n\n\n
3. TPL Technology Park<\/h3>\n\n\n\n
What is the IPO Price?<\/h2>\n\n\n\n
What are the risks associated with this IPO?<\/h2>\n\n\n\n