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Corporate News

KIP REIT buys industrial properties in Pulau Indah for RM78.7mil

KIP REIT Management Sdn Bhd executive director Datuk Eric Ong Kook Liong

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has proposed to acquire three industrial properties in Pulau Indah Industrial Park, Port Klang, Selangor for RM78.7mil, marking its maiden acquisition of industrial assets.

In a statement, KIP REIT said the conditional sale and purchase agreement was inked with Hextar Chemicals Sdn Bhd, Hextar Industrial Chemicals Sdn Bhd and Teju Logistics Sdn Bhd.

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KIP REIT , Pulau Indah , Industrial , Ong Kook Liong

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