KIP REIT calls unitholder vote on RM435 mil Setapak mall buy

PETALING JAYA (July 9): KIP Real Estate Investment Trust (KIP REIT) has issued a circular to unitholders seeking approval for its proposed RM435 million acquisition of Setapak Central Mall in Kuala Lumpur and a concurrent private placement of up to 220 million new units, ahead of a July 23 unitholders’ meeting.

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Hektar REIT completes Penang industrial acquisition and lease

PETALING JAYA (July 8): Hektar Real Estate Investment Trust (Hektar REIT) has completed the acquisition and lease of a leasehold industrial property in Penang following fulfilment of the conditions precedent and satisfaction of the purchase consideration, according to a Bursa Malaysia filing.

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KIP REIT gets Bursa approval for placement linked to Setapak Central acquisition

PETALING JAYA (July 7): KIP Real Estate Investment Trust (KIP REIT) has obtained Bursa Malaysia Securities Bhd’s approval for the listing and quotation of up to 220 million new units under its proposed placement, a funding component for its previously announced RM435 million acquisition of Setapak Central Mall (pictured) in Setapak, Kuala Lumpur.

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