KIP REIT to acquire four industrial properties for RM98.3mil

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has entered into four separate conditional sale and purchase agreements (SPAs) to acquire four strategic industrial properties across Malaysia for a total purchase price of RM98.3 million.

It has entered into an agreement with Sin Chee Heng Sdn Bhd for the proposed acquisition of a leasehold interest in a single-storey detached factory in Cheras for RM22.60 million in cash.