Karachi, TPL Properties Limited informed Pakistan Stock Exchange that the Company has completed the acquisition of 40 Acres of land, located in Korangi Cantonment, adjacent to the Korangi Creek in Karachi through a 100% owned SPV.
The Company will be developing a world class mixed-use real estate development, backed by modern IT and related infrastructure, with the support of a leading international firm SSH. It is being designed within an environmental sustainability framework, aligned to the company’s focus of delivering on UN Sustainability Development Goals (SDGs)
TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007. The principal activities of this real estate development company are to invest, purchase, develop, sell, lease or dispose of real estate assets primarily in the commercial and residential asset classes.
The registered office of the company is situated at Centre point building, off Shaheed-e-Millat Expressway near KPT Interchange, Karachi.
TPL Properties Limited successfully completed its initial public offering conducted through a Book Building process in June 2016.
The total numbers of shares are 327,393,105. The Earnings per share is 0.85 in 2020 which was 2.23 in 2019. The Profit after Taxation is 276,980,000 in 2020 which was 730,062,000 in 2019.