IMAGE REIT, a Shariah-compliant hybrid and perpetual Real Estate Investment Trust managed by Sinolink REIT Management Company Limited, is preparing for its listing on the Pakistan Stock Exchange (PSX). With a target size of Rs. 2,750 million, the REIT aims to raise Rs. 920 million through an Initial Public Offering (IPO).
The REIT’s income is anchored in two prime Karachi properties: a fully occupied 8-floor commercial building on Shahrah-e-Faisal and a mixed-use development on Tipu Sultan Road. The IPO will offer over 92 million units via Book Building, with a floor price of Rs. 10 and a price band extending up to Rs. 14 per unit. Retail investors will receive 25% of the total issue at the final strike price.
Proceeds will fund the completion and marketing of 11 residential floors in the Developmental REIT project. The Central Depository Company (CDC) will serve as Trustee, ensuring regulatory compliance and transparency.
Sinolink REIT Management Company, backed by Topline Securities and Growth Securities, aims to provide ethical, professionally managed real estate investment opportunities to both institutional and retail investors.