The offer for sale was oversubscribed by 2.77 times. The REIT fund size is Rs2.8 billion with Rs1.4 billion each of debt and equity. The project cost is estimated at Rs20 billion. KARACHI: Javedan Corporation Limited has received a subscription of Rs387.94 million from the general public through a two-day offer for sale process. The … Read more
DUBAI: Saudi Arabia-based asset management firm Sedco Capital has launched an additional offering of its real estate investment trust fund to increase asset value by SR702 million ($187 million), Arab News reported. The offering period will run for five days until December 16, the company said in a statement. The price is set at SR10/unit. Sedco Capital … Read more
KARACHI: Javedan Corporation, the developers of Naya Nazimabad, will launch, for the first time, 3,000 apartments after Eid-ul-Azha with the mortgaged instalment plans spanning over 20 years. Naya Nazimabad had already sold 6,500 residential and commercial plots in its Phase-I. Giving details, Naya Nazimabad president Syed Muhammad Talha said: “This is the mortgage financing model, … Read more
