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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

FBM KLCI extends rally on Christmas Eve; ringgit at five-year high
Higher corporate bond yields push issuers to delay debt sales to next quarter
Oil rises for sixth session on US data, geopolitical tension
BP to sell 65% stake in Castrol to Stonepeak for US$6bil
Nam Cheong sells 4,000-DWT platform supply vessel for US$20.5mil
Maybank experiencing intermittent slowness affecting DuitNow services
China turns sport into serious business
Gold climbs above US$4,500 in historic rally for precious metals
Borneo Oil’s associate Verde Resources seeks Nasdaq listing, raising US$5–US$8mil
MARC Ratings affirms Malaysia’s sovereign rating at AAA

Others Also Read