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Globe Residency REIT Raises PKR. 388 Million

Globe Residency REIT or GRR is a construction project that is managed by Arif Habib Dolmen REIT at Naya Nazimabad. The developmental scheme contains nine towers or buildings with apartments that will be ready for possession in 3 years.

This scheme allowed the general public to invest in the project. It also offers investors the opportunity to become investors in the Globe Residency Project in Naya Nazimabad.

The project cost is estimated to be PKR 20 billion.

Javedan Corporation Limited announced a 10% of total units in the scheme to the general public at PKR 10 per unit.

Because of this scheme, Javedan corporation limited received PKR 388 million from the general public through a two-day sale offer.

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