KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has entered into a conditional sale and purchase agreement with DPulze Ventures Sdn Bhd for the proposed acquisition of DPulze Shopping Centre in Cyberjaya for RM320 million cash. The seven-storey commercial building has two basement levels and comprises a supermarket, retail spaces, a cinema, a fitness centre and an entertainment centre. It...
KIP
PETALING JAYA: KIP Real Estate Investment Trust (KIP REIT) registered a gross revenue of RM22.4 million for the first quarter ended Sept 30, 2023 (Q1’24) which translated to a 15.6% increase compared with RM19.3 million in the preceding year’s corresponding quarter. Net property income rose by 15.2%, year-on-year, to RM16.5 million. KIP REIT reported an 18.2% increase in realised profit after tax...
KUALA LUMPUR: KIP Real Estate Investment Trust (REIT) will focus on retail for growth but is open to improving its industrial portfolio when the right chance comes along. “The retail segment will remain as the primary engine of growth for KIP REIT. That said, we are on the lookout to enhance our industrial portfolio if...