REITs embark on acquisition drive

Anytime is still a good time to buy property as it is an appreciating asset and a good hedge against inflation, advised Siva.

SINCE the start of the year, several real estate investment trusts (REITs) have announced the acquisition of new assets to bump up their portfolios.

Among them include KIP-REIT, which announced in May that it intends to acquire the DPulze Shopping Centre in Cyberjaya for RM320mil.