Dolmen City REIT (PSX: DCR)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
18.36
+0.63 (3.55%)
At close: Oct 11, 2024

Dolmen City REIT Company Description

Dolmen City REIT is Pakistan’s first REIT scheme. It is a Closed-ended, Listed, Rated, Perpetual, Shariah-compliant, Rental REIT scheme 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.

With 130 retail outlets, a multi-level department store, and a food court that accommodates 1,200 customers, Dolmen Mall Clifton is the largest shopping mall in Pakistan, currently operating over 90% occupancy rate.

The Harbour Front is an office complex home to leading local and multinational corporations of the country.

The complex offers prime office space across seventeen floors, spread over 270,000 square feet. The building is currently 100% occupied with the current tenant portfolio comprising of companies including Engro, Phillip Morris Mitsubishi and Procter & Gamble, among others.

Dolmen City REIT
Country Pakistan
Founded 2015
Industry Residential & Commercial REITs
Sector Real Estate
CEO Muhammad Ejaz

Contact Details

Address:
Arif Habib Centre, 1st Floor, Plot 23
Karachi, 74000
Pakistan
Phone 92 21 3246 8102
Website arifhabibdolmenreit.com

Stock Details

Ticker Symbol DCR
Exchange Pakistan Stock Exchange
Fiscal Year July - June
Reporting Currency PKR
ISIN Number PK0099001023
SIC Code 6798

Key Executives

Name Position
Muhammad Ejaz Chief Executive Officer
Razi Haider Chief Financial Officer