KIP REIT completes second tranche of private placement


KIP REIT CEO Valerie Ong

PETALING JAYA: KIP Real Estate Investment Trust (KIP REIT) has completed the second tranche of its private placement exercise, comprising 37 million new units issued at an issue price of RM0.825 per unit, raising gross proceeds of RM30.5mil.

KIP REIT said this marks the full completion of its private placement exercise of 160 million new units, which was approved by unitholders at an EGM on July 22, 2025.

“Collectively, the two tranches raised a total of RM130.2mil, further strengthening the group’s balance sheet and funding capacity.

“The exercise was very well received by both institutional and retail investors, reflecting strong confidence in KIP REIT’s strategy, management team and overall group performance.”

Following the completion of both tranches, 123 million units in the first tranche and 37 million units in the second tranche, KIP REIT’s total issued units now stand at 958.63 million units, enhancing its capital structure and financial flexibility.

Proceeds from the placement were utilised to support the acquisition of KIPMall Desa Coalfields (completed on Aug 22, 2025) and the acquisition of KIP Kuantan (completed on Sept 23, 2025).

“Additionally, asset enhancement initiative works at KIPMall Tampoi are currently underway, aimed at improving tenant mix and enhancing customer experience.”

Chief executive officer Valerie Ong said the strong investor interest reflects confidence in the group’s business fundamentals and long-term growth strategy.

“Scaling up is crucial to our long-term growth, as it enhances our competitiveness in a dynamic market and strengthens our ability to pursue larger opportunities.

“With the funds raised, we have successfully completed two acquisitions and are progressing well on our asset enhancement pipeline, enabling us to deliver sustainable returns and create greater long-term value for our unitholders,” she said.

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