Pelaburan Hartanah aims to inject more properties into fund

KUALA LUMPUR (April 6): Pelaburan Hartanah Bhd (PHB) continues to be on the lookout for suitable properties for possible injection into Amanah Hartanah Bumiputera (AHB) and to further increase its fund size, said its group managing director and chief executive officer Datuk Kamalul Arifin Othman.

He said its newly completed properties, Menara 1 Sentrum and NU Sentral Shopping Centre at KL Sentral, will soon be big contributors to the fund.

“We are also actively pursuing new land banks for future developments,” said Kamalul in a statement yesterday.

“Last year, PHB made its first foray into Terengganu by acquiring a parcel of commercial land in the city from the state government, with proposed plans to develop the site into a mixed integrated commercial development.

“All these are clear indication of our mission to strengthen PHB’s footing in ownership of prime and strategic commercial hubs across the country, which will in turn further benefit our investors,” he added.

PHB and Maybank Asset Management Sdn Bhd yesterday announced AHB’s interim income distribution for the six-month period ended March 31, 2016 of 3.30 sen a unit.

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This article first appeared in The Edge Financial Daily, on April 6, 2016. Subscribe to The Edge Financial Daily here.

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