KARACHI: Arif Habib Dolmen REIT Management Limited (AHDRML) has announced an offer for sale of shares in the Naya Nazimabad Apartments REIT, giving investors an opportunity to gain exposure to one of Karachi’s major residential developments through a Real Estate Investment Trust (REIT) structure.
The offering has a price band of Rs. 18 to Rs. 23 per share, while the total issue size is expected to range between Rs. 793 million and Rs. 1.01 billion, according to the offer details.
Investment Exposure Through REIT Structure
The Naya Nazimabad Apartments REIT is linked to the Naya Nazimabad residential development in Karachi.
Through the REIT structure, investors can participate in the underlying residential property project by purchasing units or shares in the investment vehicle rather than directly acquiring individual property units.
The offering provides investors with an opportunity to participate in the residential real estate sector through a regulated investment structure.
Book-Building Dates Yet to Be Announced
AHDRML has not yet announced the dates for the book-building process.
The REIT management company said further information regarding the offering and book-building process will be shared ahead of the scheduled dates.
Investors interested in the offering should review the official offer documents, pricing details, applicable terms and risks before making an investment decision.
The Naya Nazimabad Apartments REIT offering adds another investment opportunity to Karachi’s real estate market, allowing investors to seek exposure to a large residential development through the REIT model.
