KIP-REIT plans largest asset acquisition at RM320mil

(From left): KIP Real Estate Investment Trust Management Sdn Bhd (KIP REIT Manager) legal manager Northon Lee, Pacific Trustees Berhad (KIP REIT Trustee) director George Cheah, DPulze Ventures Sdn Bhd directors, KIP Real Estate Investment Trust chief executive officer Valerie Ong Pui Shan, KIP REIT Manager financial controller Jolynn Tan at signing ceremony between KIP REIT Trustee and DPulze Ventures.—ONG SOON HIN/The Star

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP-REIT) has proposed to acquire DPulze shopping centre for RM320mil through a conditional sale and purchase agreement with DPulze Ventures Sdn Bhd.

Based on a report by Nawawi Tie Leung Property Consultants Sdn Bhd dated April 22, 2024, the shopping centre is valued at RM321mil.