TPL REIT Management Company Limited (TPL RMC) has announced a strategic partnership with two of Pakistan’s leading brokerage houses, Topline Securities Limited and Growth Securities (Private) Limited, to strengthen its fundraising and capital market outreach for real estate investment trusts (REITs). The agreement marks a milestone for the country’s real estate and capital markets, as it combines TPL RMC’s expanding portfolio of REITs with the market reach and investor networks of two established brokerage firms.
According to details shared in the official announcement, the collaboration will focus on several core objectives. These include raising capital for new REIT funds launched by TPL RMC, mobilizing funds for new assets introduced into existing REITs, supporting capital requirements for ongoing REIT projects, and exploring additional financing opportunities for future ventures. The partnership aims to create a robust pipeline of investment opportunities while ensuring broader investor participation in Pakistan’s emerging REIT market.
Commenting on the development, Jamal Baquar, Chief Executive Officer of TPL RMC, highlighted the significance of the alliance. “This strategic partnership combines TPL RMC’s strong asset pipeline, TPL REIT Fund 1’s anchor investor base of eight leading banks of Pakistan, with the capital markets expertise of Topline and Growth Securities. We are setting the stage for unprecedented investor participation and long-term value creation. This collaboration will enable us to scale REITs in Pakistan to their true potential,” Baquar said.
Topline Securities’ Chief Executive Officer, Muhammad Sohail, also emphasized the timing of this partnership, pointing to improving market dynamics. “We are excited about this opportunity with TPL. We believe that the upcoming economic recovery and rising equity market provide an ideal environment for REITs to raise funds. This will unlock attractive opportunities for investors in Pakistan’s recovering property market,” he stated.
Echoing similar views, Growth Securities’ Chairman, Iqbal A. Karim, said that his firm’s involvement reflects a commitment to deepening Pakistan’s real estate market. “Growth Securities is honored to be part of this strategic partnership. This collaboration will help deepen Pakistan’s real estate market, provide much-needed market depth, and open new avenues for investor participation,” he noted.
Industry experts see this partnership as a significant boost for the real estate investment trust market in Pakistan. REITs are considered critical for creating structured, transparent, and professionally managed real estate investment vehicles, which can attract institutional as well as retail investors. With the combined strengths of TPL RMC, Topline, and Growth Securities, the alliance is expected to channel domestic and international capital into Pakistan’s property sector at a scale not seen before.
TPL RMC has been a pioneering force in Pakistan’s REIT space, introducing innovative investment structures and focusing on governance and investor confidence. With multiple ongoing projects and a strong anchor investor base, the company continues to position itself as a leader in real estate investment management.
Topline Securities, widely regarded as one of Pakistan’s top brokerage and investment banking firms, brings deep expertise in equity, fixed income markets, corporate finance, and financial advisory. Similarly, Growth Securities has established itself as a full-service brokerage and advisory firm with a strong presence at the Pakistan Stock Exchange, serving both institutional and retail clients.
The partnership represents a forward-looking strategy to integrate real estate with capital markets more effectively, offering new channels for investors and laying the groundwork for long-term growth in Pakistan’s REIT ecosystem.
Follow the PakBanker Whatsapp Channel for updated across Pakistan’s banking ecosystem.