KIP-REIT gets nod for RM98mil property purchases


KIP-REIT chief executive officer Valerie Ong.

PETALING JAYA: KIP Real Estate Investment Trust (KIP-REIT) has announced that its unitholders have approved its proposed acquisition of four industrial properties valued at RM98.3mil.

In a statement, it said it had received the nod at its EGM to purchase the properties in Selangor, Sarawak and Johor, which have a collective net lettable area of over 650,000 sq ft.

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