{
  "id": 5122986,
  "title": "Naya Nazimabad Apartments REIT book-building attracts total bids of around Rs4.5bn",
  "url": "https://urgent.news/2026/09/02/naya-nazimabad-apartments-reit-book-building-attracts-total-bids-of",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T15:49:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437605/naya-nazimabad-apartments-reit-book-building-attracts-total-bids-of-around-rs45bn"
  },
  "original_language": "en",
  "account": "The book-building process for Naya Nazimabad Apartments REIT has seen impressive investor response, with total bids amounting to around Rs4.5 billion. This oversubscription by eight times showcases strong confidence in the offering and the development itself. The process reached its maximum ceiling of Rs23 per unit, indicating a 28% rise from the initial floor price. The project raised Rs1 billion in equity after the successful completion of the book-building. Public subscription for the REIT is set for September 7 and 8, 2026, accounting for 25% of the total offer, while the remaining 75% was managed through the book-building process. This significant participation marks a notable achievement for Naya Nazimabad Apartments REIT and highlights the increasing interest in Pakistan’s REIT market and professionally managed real estate investments. Arif Habib Dolmen REIT Management Limited, led by CEO Shahid Ali Habib, expressed satisfaction with the overwhelming response, crediting investors' trust in the potential of real estate investment products in Pakistan.",
  "summary": "Naya Nazimabad Apartments REIT response from investors, with its book-building process oversubscribed by 8 times and attracting total bids of approximately Rs4.5 billion, reflecting strong investor confidence in the offering and the underlying Naya Nazimabad development. The book-building process attracted good demand, with the issue hitting the upper ceiling of Rs23 per unit, representing a 28%…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}