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Prime Lands en route to announce IPO

12 Apr 2021

  • Completes 35 properties

  Prime Lands Residencies (Pvt.) Ltd., the condominium property arm of Prime Group, recently completed its 35th property project, and with this completion, the firm is expected to make their initial public offering (IPO) in the near future. “This development will certainly ensure that the firm continues to grow from strength to strength, with a commitment to bring the best value to all their stakeholders, ensuring their satisfaction is parallel to the growth of Prime Lands Residencies and the Prime Group,” the company noted in a statement. The large-scale developments of the group have reportedly been a driving force for economic growth as investments on condominiums have generated historical returns of 17% return on investment (ROI) and 5-9% rental yield, according to KPMG International.


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