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.
In a filing with Bursa Malaysia today, KIP REIT said it also entered into conditional SPA with Teju Logistics Sdn Bhd for a proposed acquisition of the leasehold interest in a double-storey office and six-storey processing plant and ancillary building in Sarawak for a cash consideration of RM28.70 million.
It also proposes to acquire the remaining lease interest in two single-storey warehouses together with two single-storey office buildings from Channel Legion Sdn Bhd in Klang for RM23.70 million.
KIP REIT also entered into an agreement with PK Fertilizers Sdn Bhd for the proposed acquisition of the remaining lease interest in a single-storey detached warehouse with a double-storey office in Johor for RM23.30 million. - Bernama
