KUALA LUMPUR: KIP Real Estate Investment Trust
(KIP REIT) has completed the acquisition of KIPMall Kota Warisan from Cahaya Serijaya Sdn Bhd for RM80mil.
This latest mall will expand KIP REIT’s portfolio to 11 assets, comprising AEON Mall Kinta City in Ipoh, the six existing KIPMalls in Bangi, Tampoi, Kota Tinggi, Masai, Senawang and Melaka, and the three industrial properties in Pulau Indah, Port Klang.
In a statement, KIP REIT said KIPMall Kota Warisan’s net lettable area of over 186,000 square feet will boost KIP REIT’s total net lettable area by almost 10% to over 2 million square feet.
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