Expands portfolio with historic retail asset purchase

Pacific Trustees Berhad, the trustee of KIP Real Estate Investment Trust (“KIP REIT” or the “Group”) has proposed to acquire DPulze Shopping Centre in Cyberjaya for RM320.0 million, marking its largest ever acquisition since its listing in 2017. This acquisition will make the REIT community’s pulse racing as it will be KIP REIT’s highest ever acquisition of retail asset. With just one single acquisition, KIP REIT’s total net lettable area will inflate by 15% from the existing 2.08 million sq ft to 2.39 million sq ft.