KIP REIT Management Sdn Bhd, the Manager of KIP Real Estate Investment Trust has received approval from the Securities Commission Malaysia for the appointment of Miss Valerie Ong Pui Shan, as its Chief Executive Officer, effective 5 April 2023.
With this appointment, she has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT. Valerie is the Chairman of KIP REIT’s Sustainability Steering Committee, where she oversees the formulation and implementation of KIP REIT’s environmental, social and governance efforts in its day-to-day operations. In addition, she is the Deputy Chairman of KIP REIT’s Investment Steering Committee.
Prior to her role as Executive Director of KIP REIT, Valerie was the Group CEO of the KIP Group of Companies where she oversaw the construction, development and leasing of three shopping malls – namely KIPMall Kota Warisan, KIPMall Desa Coalfields and KIP Kuantan master leased to Lotus’s. She has developed more than 2.7 million square feet of properties with a gross development value (GDV) of RM1.3 billion and leased more than half a million square feet of retail space.
Valerie Ong said, “As the CEO, my immediate focus will be to grow our existing portfolio of retail and industrial assets as we look to acquire potential assets that are within our investment policy. In addition, I will push ahead with KIP REIT’s shift towards sustainability. As an advocate of ESG, we have completed the installation of our solar panels on the majority of our assets save for the master leased properties.”