Details

Globe Residency REIT is being managed by Arif Habib Dolmen REIT Management Limited and Arif Habib Development and Engineering Consultant Private Limited is the Development Advisor. All nine towers will be ready for possession within 3 years. GRR units will also be listed on PSX offering opportunity to invest to general public. 642 apartments have already been booked by the buyers out of 838 offered in November 2021.

Meezan Bank Limited (MBL) has entered in to a Musharakah Agreement with Globe Residency REIT (GRR), Naya Nazimabad for development of 3 Apartment Towers consisting of 408 apartments of 2 Bedrooms. Overall, GRR is constructing nine towers. Construction of Towers is already in progress and their grey structure is expected to be ready in eighteen months.

Prospectus

Globe Residency REIT

Key Facts

Registration Date

December 24, 2021 (Listed at PSX on Dec 28, 2022)

Maturity

4 years

Initial Investors

Javedan Corporation Ltd.

Indicative Project Size

PKR 20 Billion

Fund Size

PKR 2.8 Billion

Indicative IRR

35%

Property Documents

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GRR-Trust Deed

PDF

Globe Residency REIT_Offer for Sale Document

PDF

Wellness Experience

Restaurants

Award winning food court, it is also the first choice for leading food brands to open restaurants.

Coffee

Slip out for a coffee and croissant at one of our several cafes.

Fitness

Gymkhana offers state of the art recreational & sporting facilities that allow you to rejuvenate your mind & body.

Sports

We offer a tennis court, badminton court, table tennis, swimming pool, indoor games, snooker table, billiard room & much more.

Medical Center

Ali Habib Medical Center is a non-profit health center with trained consultants & specialists to cater to the medical needs of the community.

Garden

Wander through the gardens at Hong Kong Park with tranquil ponds and a spectacular aviary.

Wedding Hall

Beautifully designed wedding hall to accommodate events hosted by the residents of our community.

Mosque

Jamia Masjid & Mohalla Masjid are reflections of modern Islamic architecture that are a symbol of spiritual landmarks promoting unity & brotherhood.

A Mark of Pride!

Naya Nazimabad is a city especially envisioned keeping the progressive middle class in mind; built up on the idea of providing lifestyle along the lines of peaceful community living. It is the inception of a thought that a house should be a home of serenity, respite and repose and we surly will make it happen at Naya Nazimabad. Therefore, we call it a Mark of Pride