KARACHI – TPL REIT Management Company Limited (TPL RMC) has entered into a strategic partnership agreement with Topline Securities Limited and Growth Securities (Private) Limited to raise funds for the new REIT. Under the terms of the agreement, the partnership will focus on raising capital for new REIT funds launched by TPL RMC, supporting fundraising for new assets inducted into existing REIT funds, assisting in capital raising requirements for ongoing REIT projects, and exploring financing and fundraising opportunities for any future ventures undertaken by TPL RMC. Speaking on the occasion, Jamal Baquar, CEO of TPL RMC, said, “This strategic partnership combines TPL RMC’s strong asset pipeline, TPL REIT Fund 1’s strong anchor investor base of 8 of the leading banks of Pakistan, with the capital markets expertise of Topline and Growth Securities, two of Pakistan’s leading brokerage houses.” Muhammad Sohail, CEO of Topline Securities, commented: “We believe that upcoming economic recovery and rising equity market provide an ideal environment for REITs to raise funds.” Iqbal A. Karim, Chairman of Growth Securities, added: This collaboration will help deepen Pakistan’s real estate market, provide much-needed market depth, and open new avenues for investor participation.”