KIP REIT INKS S&P AGREEMENT WITH KINTA CITY SDN BHD

KIP Real Estate Investment Trust, the first hybrid community-centric retail REIT listed on Bursa Malaysia today announced that Kinta City Sdn Bhd has accepted an offer letter from the trustee for KIP REIT; Pacific Trustees Bhd for the proposed acquisition of a freehold land held under no. hakmilik 72619, lot 320549, Mukim Hulu Kinta, Daerah Kinta, Negeri Perak measuring approximately 60,230 square meters in area, together with a four-storey building and facilities constructed thereon, with 1,450 carpark lots and having an address at 2, Jalan Teh Lean Swee, Taman Ipoh Selatan, 31400 Ipoh, Perak, commonly known as the AEON Aeon Mall Kinta City Shopping Centre for a cash consideration of Ringgit Malaysia Two Hundred and Eight Million Only (RM208,000,000.00).