Pakistan Company News – Result of the Board Meeting for Approval of Budget 2017-2018 of TPL Properties Limited

Result of the Board Meeting for Approval of Budget 2017-2018 of TPL Properties Limited

Karachi, TPL Properties Limitedinformed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on June 12, 2018 to consider and approve the budget 2017-2018 of the Company.

TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007 under the Companies Ordinance, 1984. The principal activity of this real estate development company is to invest, purchase, develop, sell, rent out or dispose off real estate assets including commercial and residential buildings. The registered office of the company is situated at Centrepoint Building, off Shaheed-e-Millat Expressway near KPT Interchange, Karachi.

TPL Properties Limited is the real estate development arm of TPL Holdings (Pvt) Ltd. The company has successfully completed the construction of Centrepoint which is 100% rented, its first real estate development project, located opposite KPT Interchange on Shaheed-e-Millat Expressway, Karachi. The project is designed exclusively as a modern office complex with the latest in-house infrastructure facilities ideal for large local and multinational corporations.

Furthermore, the company has the requisite technical and experienced staff including Civil, MEP (Mechanical, Electrical and Plumbing), ICT (Information and Communication Technology) and Security to plan, oversee, complete and deliver the upcoming project(s). It has in-house operations, power house (generation facility of around 4.0 MW) and mechanical experts leading their respective teams. TPL Properties Limited is part of TPL group. TPL Holdings (Pvt.) Ltd is the holding company of the group and has diversified investments in various companies.