CBD Punjab Hands Over Possession of Plots to PCC

At an official possession ceremony hosted by Central Business District Punjab (CBD Punjab), the possession of Plot #4 and Plot #5 of Lahore Prime CBD Punjab Quaid District was given to Pakistan Consortium Company Reit Fund (PCC).

The event was attended by distinguished members of PCC including Gohar Ijaz, Mian Amir Mehmood, Naeem Butt, and representatives from Habib Rafiq Group. On behalf of CBD Punjab, CEO Imran Amin, Chairman Board Barrister Syed Azfar Ali Nasir, and senior officials of CBD Punjab were present to mark this significant milestone.

CEO CBD Punjab Imran Amin emphasised the strategic importance of this development in his address, stating, “In the next five to ten years, our vision is to create a master plan and development projects that not only instill confidence and trust within the business community but also lay down a robust infrastructure foundation. The trust bestowed upon us by the business community, represented by Gohar Ijaz, is a testament to our commitment to delivering high-quality infrastructure. This project is a pivotal step towards realizing that vision.” While addressing the ceremony Chairman Syed Azfar Ali Nasir said, “We have worked diligently to build an organisation that introduces customer-friendly policies and earns the trust of the business community.

The consortium and public sector support have been crucial in achieving this milestone. Today marks a proud moment as Pakistan’s inaugural super high-rise infrastructure begins to take form,” stated Gohar Ijaz, a prominent figure in the business world representing PCC. “The acquisition of these plots signifies a major achievement for us and underscores our dedication to bolstering Punjab’s economic prosperity. Partnering with CBD Punjab allows us to build cutting-edge infrastructure that will attract additional investments and cultivate a dynamic business ecosystem.”

The technical and commercial teams, alongside collaborators such as NLC and NESPAK, have been pivotal in this endeavor. The project involves constructing a four-kilometer road linking Main Boulevard to Walton, featuring innovative elements like vertical electric conduits endorsed by LESCO, rainwater harvesting systems, and intelligent services. The estimated cost of this infrastructure development amounts to Rs25 billion, highlighting a substantial investment in nurturing a business-conducive environment.

The possession of Plot # 4 and Plot # 5 marks the beginning of a new era of development and commercial growth in Lahore. With projects such as the completion of Kalma Chowk, CBD Route 47 and the Walton Road development, CBD Punjab continues to pave the way for innovative infrastructure and commercial corridors that will drive economic growth.