TPL Properties explained

TPL Properties
Type:Public
Industry:Real Estate
Hq Location City:Karachi
Hq Location Country:Pakistan
Area Served:Pakistan
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Equity Year:2023
Assets Year:2023
Num Employees:21
Num Employees Year:2023
Footnotes:Financials [1]

TPL Properties Limited (Urdu: ٹی پی ایل پراپرٹیز) is a Pakistani real estate company headquartered in Karachi.[2]

History

Founded in 2007, TPL Properties is engaged in investing, purchasing, along with development of real estate including residential and commercial buildings. The company also sells, rents out, or disposes off the real estate.[3]

In 2016, TPL Properties changed its status from a private limited company to a public company and was listed on the Pakistan Stock Exchange, following an initial public offering at a strike price of PKR 12.50.[4] [5]

In December 2022, TPL REIT Management Company Limited (TPLRMC) jointly partnered with UAE-based TASC Towers to acquire a portfolio of 10,500 telecom towers in Pakistan.[5]

Subsidaries

Notes and References

  1. Web site: TPL Property Annual Report 2023. tplproperty.com. 30 November 2023.
  2. News: TPLP - Stock quote for TPL Properties Limited . 9 July 2023 . Pakistan Stock Exchange (PSX).
  3. News: TPL Properties Limited . 9 July 2023 . Business Recorder . 27 March 2023 . en.
  4. https://tribune.com.pk/story/1131507/tpl-properties-book-building-process-ipo-raises-rs696-8-million
  5. News: TPL-TASC consortium nears acquisition of Pakistan's largest telecom infrastructure . 9 July 2023 . Profit by Pakistan Today . 20 December 2022 . en.
  6. News: Siddiqui . Salman . 10,500 telecom towers to be outsourced . 9 July 2023 . The Express Tribune . 21 December 2022 . en.