TPL Properties

TPL Properties
Company typePublic
PSX: TPLP
ISINPK0110601017
IndustryReal Estate
Founded2007; 17 years ago (2007)
Headquarters
Karachi
,
Pakistan
Area served
Pakistan
Key people
RevenueDecrease Rs. 5.508 billion (US$19 million) (2023)
Decrease Rs. 4.29 billion (US$15 million) (2023)
Decrease Rs. 2.966 billion (US$10 million) (2023)
Total assetsIncrease Rs. 19.118 billion (US$66 million) (2023)
Total equityIncrease Rs. 13.594 billion (US$47 million) (2023)
Number of employees
21 (2023)
Subsidiaries
  • TPL Property Management
  • TPL Developments
  • TPL Logistic Park
  • TPL Technology Zone Phase-I
  • TPL REIT
Websitetplproperty.com
Footnotes / references
Financials as of 30 June 2023 [1]

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

History

One Hoshang Project under-construction in Karachi

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]

Subsidiaries

  • TPL Property Management[6]
  • TPL Developments[6]
  • TPL Logistic Park[6]
  • TPL Technology Zone Phase-I[6]
  • TPL REIT[6]

References

  1. ^ "TPL Property Annual Report 2023" (PDF). tplproperty.com. Retrieved 30 November 2023.
  2. ^ "TPLP - Stock quote for TPL Properties Limited". Pakistan Stock Exchange (PSX). Retrieved 9 July 2023.
  3. ^ "TPL Properties Limited". Business Recorder. 27 March 2023. Retrieved 9 July 2023.
  4. ^ "TPL Properties: Book-building process for IPO raises Rs696.8 million". 27 June 2016.
  5. ^ a b "TPL-TASC consortium nears acquisition of Pakistan's largest telecom infrastructure". Profit by Pakistan Today. 20 December 2022. Retrieved 9 July 2023.
  6. ^ a b c d e Siddiqui, Salman (21 December 2022). "10,500 telecom towers to be outsourced". The Express Tribune. Retrieved 9 July 2023.
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