Karachi: TPL REIT Management Company Limited has announced a formal launch ceremony for its latest venture, Saima Mangrove Residences, scheduled for the 10th and 11th of October 2026. The event will take place at the Mangrove, Korangi Creek, Karachi. This announcement was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.

The project, a collaboration between TPL REIT Fund-I and the Zeeshan Saleem Zaki Group of Saima Builders, is being developed under a Development Advisory Agreement. The Fund's special purpose vehicle, National Management & Consultancy (Private) Limited, will oversee the proceedings.

Prospective buyers, investors, corporate representatives, and industry stakeholders are expected to attend the launch ceremony, which marks a significant step in the project's development. The event aims to provide these groups an opportunity to engage with the project directly.

According to information available from the Pakistan Stock Exchange (PSX), the initiative is part of a broader strategy to expand TPL REIT's footprint in the real estate market. This event is anticipated to attract considerable attention from various sectors interested in the project's potential impact on the local economy.

The Saima Mangrove Residences project is positioned to benefit from its strategic location and the expertise of its development partners, reflecting TPL REIT Fund-I's commitment to delivering value to its stakeholders.