TPL REIT Fund-I’s Saima Mangrove Residences launch draws oversubscribed response

TPL REIT Fund-I has informed the Exchange that its Saima Mangrove Residences launch in Karachi was an overwhelming success and heavily oversubscribed. The two-day ceremony, staged on October 10 and 11, 2026 in Mangrove at Korangi Creek, drew a large turnout and a warm response from would-be purchasers, investors, company representatives and other industry figures.

Execution rests with the fund's special purpose vehicle, National Management & Consultancy (Private) Limited. It works under a development advisory pact linked to the Zeeshan Saleem Zaki Group of Saima Builders.

The notice was sent to the Exchange and comes after an earlier statement dated October 9, 2026 about the ceremony. In short, the notice reports on an event that has already taken place.