KIP REIT to acquire Setapak Central Mall for RM435m, plans unit placement to fund deal
PETALING JAYA (April 28): KIP Real Estate Investment Trust (REIT) has entered into a conditional sale and purchase agreement (SPA) to acquire Setapak Central Mall in Setapak, Kuala Lumpur, from Festiva Mall Sdn Bhd — a wholly-owned subsidiary of Singapore-listed Frasers Property Ltd — for a cash consideration of RM435 million.