Ahmed & Qazi has represented UBL – United Bank Limited in the acquisition of a 14,092 square yards commercial plot in Naya Nazimabad for the purpose of constructing towers for its offices. The property was acquired from a developmental REIT (Real Estate Investment Trust) scheme. After months of negotiation, the transaction was successfully closed around two weeks ago. A&Q provided full scope purchaser-side services and also advised on the completion of various requirements under REIT laws. A&Q team was led by Saim Hashmi (Senior Counsel) and Nazif Ahmed (Head — Corporate) who were assisted by numerous associates and paralegals.
