TPL Properties to venture in Freight and Warehousing Business

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TPL Properties to venture in Freight and Warehousing Business

TPL Properties, one of the largest listed Company in Real Estate Sector has announced that it will venture into container freight station and warehousing Business. In a notice to Stock Exchange, it notified that has entered into a Joint Venture agreement with Al Hamd International Container Terminal (Pvt) Ltd (“AICT”), for venturing
into container freight station and warehousing business at the port. The joint venture will also establish an off-dock
container terminal.

Al Hamd International Container Terminal is a leading logistics solution provider, with experience of 20 years in handling both containers and cargo in Pakistan.

The site of the terminal is strategically placed around the Main port and the industrial zone and offers Trade entities the benefit of being in proximity to their Industries and warehouses.

The principal activities of TPL Properties are to purchase, invest, develop, sell/rent out/disposal of real estate assets including commercial and residential buildings.

TPL Properties Limited is a subsidiary of TPL Corporation. TPL Properties successfully completed its initial public offering through a Book Building process, in June 2016.

TPL Properties first project is Centre point is which is designed as a state of the art complex adhering to the highest international standards of design and technology in commercial buildings and is a unique addition to Karachi’s skyline.

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