- Completion of AEON Mall Kinta City, appraised value of RM220 million.
- Issuance of first Medium Term Note of RM310 million, of which RM210 has been rated “AAA/Stable” by Ratings by RAM with the remainder of the sum being unrated.
KIP REIT’s Medium Term Note Programme of up to RM2.0 billion on a perpetual tenure.
Installation of Solar Photovoltaic System to reduce carbon footprint across all KIPMalls on an 80:20 joint venture initiative with Pekat Solar.
Entered into agreement with the Vendor to purchase AEON Mall Kinta City for a consideration of RM208 million, independent appraised value of AEON Mall Kinta City stood at RM220 million.
KIP REIT commenced trading on Main Market of Bursa Malaysia with an initial portfolio of six community centric malls, five KIPMalls developed and managed by the Sponsors and KIPMall Bangi (third party acquisition prior to listing).
KIP REIT was constituted by a Trust Deed entered into between Pacific Trustees Berhad as the REIT Trustee and KIP REIT Managers Sdn Bd as the REIT Manager (subsequently restated on 12 December 2019 following amendments to the Securities Commission Malaysia Listed REITs Guidelines).