Naya Nazimabad Apartment REIT Fully Subscribed Within First Hour

The Naya Nazimabad Apartment REIT experienced an overwhelming demand, with its book building phase being completely subscribed within just the first hour of bidding on Tuesday. This indicates a robust interest from both institutional investors and high net worth individuals. The two-day book building process commenced on September 1 and will continue through September 2.

The REIT is offering 44.06 million units, constituting 15 percent of the scheme, through an offer for sale prior to its scheduled listing on the Pakistan Stock Exchange. Among the total offering, 33.05 million units, which account for 75 percent, were allocated to institutional and high net worth investors during the book building phase.

The remaining 25 percent, equivalent to 11.02 million units, will be made available to the general public at a strike price decided through the book building process. The units have been priced within a range of Rs. 18 to Rs. 23 per unit. Consequently, the total value of the offering is expected to fall between approximately Rs.

793 million and Rs. 1.013 billion, contingent on the final strike price. Naya Nazimabad Apartment REIT is a closed-end, Shariah-compliant developmental REIT overseen by Arif Habib Dolmen REIT Management Limited. The scheme encompasses three real estate portfolios located in Karachi and Lahore, with a collective assessed value of around Rs.

20.46 billion as of April 2026. The swift response in the opening hour underscores the rising investor interest in professionally managed, asset-backed real estate investment products. The remaining 11.02 million units, designated for the general public, will grant retail investors an opportunity to engage in the scheme post the completion of book building.