Board meeting of Dolmen City Reit to be held on July 04, 2016
Karachi, Dolmen City Reit informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 04, 2016 at Karachi. The agenda of the meeting shall be consideration and approval the distribution of dividend by the scheme for the year ending June 30, 2016.
Further, the closed period of the company shall be from June 27, 2016 to July 04, 2016 (both days inclusive).
City REIT is Pakistan’s first REIT scheme. It is a closed-ended, Listed Shariah compliant Rental REIT which offers investors to become Unit holders of two component of the Dolmen City project, Dolmen Mall Clifton and The Harbor Front. The properties will generate rental income that will be distributed by the REIT Scheme among unit holders in the shape of dividends. Any possible appreciation in the value of the property will be an added benefit. Dolmen Mall Clifton has a total built-up area of approximately 1 million square feet spread over three levels. Anchored by Hyperstar and Debenhams, Dolmen Mall Clifton has a strong mix of local and international brands including Mango, Next, Nike, Nine West, Timberland and Charles & Keith.
The building is currently 100% occupied with the current tenant portfolio comprising of companies including Engro, Phillip Morris Mitsubishi and Procter & Gamble, among others.
The symbol “DCR” is being used by the stock exchange for the shares of Dolmen City Reit.