Globe Residency Reit · PSX:GRR
Globe Residency Reit — Corporate Update (December 2024)
13 slides from Globe Residency Reit's corporate update, Dec 26, 2024
Slide 1: Corporate Briefing 2024 - Globe Residency REIT
CORPORATE BRIEFING 2024 - GLOBE RESIDENCY REIT A DEVELOPMENTAL REIT SCHEME Managed by: Arif Habib Dolmen REIT Management Limited Under Trusteeship of: Central Depository Company of Pakistan Limited
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT. This presentation has been prepared by Arif Habib Dolmen REIT Management Limited (“AHDRML”) solely for information purposes. No representation or warranty express or implied is m
Slide 3: Globe Residency
GLOBE RESIDENCY a
Slide 4: Globe Residency REIT
Globe Residency REIT 1. Globe Residency REIT (Pakistan’s first Listed Developmental REIT), is a Closed- end Development REIT Scheme with an indicative life of 5 years. 2. The REIT Scheme is being managed by Arif Habib Dolmen REIT Management Limited (“RMC”) and Central Depository Company of Pakistan
Slide 5: Globe Residency REIT (GRR) Location FL 3, 4, 5, 7 & 8
Globe Residency REIT (GRR) GLOBE RESIDENCY Site Location Location FL 3, 4, 5, 7 & 8 Central Location in Naya Nazimabad 5 Plots 0.5 KMs from Main Gate Near Jama Masjid Near Gymkhana & Cricket Stadium KARACHI MAP GOOGLE IMAGE NAYA NAZIMABAD NN Location NN Location Master Plan
Slide 6: Globe Residency REIT
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Slide 7: Globe Residency REIT
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Slide 8: Key Partners / Service Providers
Globe Residency REIT Key Partners / Service Providers: • Central Depository Company of Pakistan Limited (Trustee) • Arif Habib Dolmen REIT Management Limited (RMC) • Ahmed & Qazi (Legal Advisor) • Meezan Bank Limited (Musharaka Lead) • Bank Alfalah Limited (Lender) • A.F. Ferguson & Co. Chartered Ac
Slide 9: Operational Performance
Globe Residency REIT Operational Performance September 30, 2024 Total Project Inventory 1344 Inventory under Musharaka 408 Launched For Booking 936 Units Sold 834 ___ *89 % Total Sales Amount 12.8 billion Installment Recovery Rate 91% *) Percentage of units sold is based on the launched inventory un
Slide 10: Construction Site Highlights
Globe Residency REIT Construction Site Highlights
Slide 11: Strategic Musharaka Agreement with Meezan Bank Limited
Globe Residency REIT Strategic Musharaka Agreement with Meezan Bank Limited Partnership Nature: The agreement establishes a Musharaka partnership between Globe Residency REIT and Meezan Bank Limited. Musharaka is a form of Islamic financing and partnership where parties pool their resources and shar
Slide 12: Financial Performance
Globe Residency REIT Financial Performance Year ended Quarter ended Jun 30, 2024 Sep 30, 2024 ------------- Rupees in thousands ----------- Revenue from contracts with customers 3,036,564 492,632 Cost of Sales (2,647,005) (398,171) Administrative and operating expenses (81,912) (23,665) Net operatin
Slide 13: Question & Answer Session Thank You
Globe Residency REIT Question & Answer Session Thank You
Globe Residency REIT — Corporate Update (December 2024) on 6ix