Corporate Milestones

Jul 30
Acquisition of AEON Mall Kinta City funded by the maiden issue of Medium Term Notes
  • 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.
Acquisition of AEON Mall Kinta City funded by the maiden issue of Medium Term Notes
Jun 27
Lodged KIP REIT’s maiden perpetual Medium Term Notes Programme with Securities Commission

KIP REIT’s Medium Term Note Programme of up to RM2.0 billion on a perpetual tenure.

Lodged KIP REIT’s maiden perpetual Medium Term Notes Programme with Securities Commission
Jan 01
Completion of installation of 2,730 kWp Solar Photovoltaic System on all six KIPMalls

Installation of Solar Photovoltaic System to reduce carbon footprint across all KIPMalls on an 80:20 joint venture initiative with Pekat Solar.

Completion of installation of 2,730 kWp Solar Photovoltaic System on all six KIPMalls
Nov 30
Executed Sales Purchase Agreement of AEON Mall Kinta City on 30 November 2018

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.

Executed Sales Purchase Agreement of AEON Mall Kinta City on 30 November 2018
Feb 16
Listing of KIP REIT

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).

Listing of KIP REIT
Nov 02
Formation of KIP REIT

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).

Formation of KIP REIT
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