Islamabad, Mar 3, 2025: Pakistan’s renowned fashion brand, Image, is gearing up to introduce a Real Estate Investment Trust (REIT) next month, aiming to capitalize on the booming property market in Karachi, as per Bloomberg.
According to Topline Securities CEO Mohammed Sohail, the REIT offering will include 92 million shares, priced Rs. 10 lower than their net asset value (NAV).
Topline Securities and Growth Securities are jointly advising on this transaction.
The decision aligns with the recent property price surge in Karachi, which had remained stagnant for several years, as highlighted by leading real estate platform Zameen.com.
Image, widely recognized for its textile production and fashion retail operations, runs nearly 14 outlets across Pakistan and maintains a strong e-commerce presence in international markets, including the United States and the UAE.
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This new REIT venture will operate independently from Image Pakistan Ltd, the company’s publicly listed entity.
The move reflects Image’s strategy to diversify its portfolio beyond fashion retail, tapping into the high-growth real estate sector.
With Karachi’s property market gaining momentum, the REIT is expected to attract significant investor interest, offering lucrative opportunities in one of Pakistan’s most dynamic cities.
