KIP-REIT gets nod for DPulze Shopping Centre buy

KIP REIT chief executive officer Valerie Ong Pui Shan.

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP-REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320mil.

The real estate investment company also received approval for a private placement of up to 180 million new units, representing approximately 29.1% of existing issued units, to partially fund the acquisition.