News about Hektar

PETALING JAYA (Aug 24): Hektar Real Estate Investment Trust (Hektar REIT) is seeking unitholders’ approval to acquire KYS College Sdn Bhd’s (KCSB) leasehold interest in part of a freehold site in Setapak, Kuala Lumpur, together with existing school buildings and a new building to be constructed, for RM125 million.

PETALING JAYA (Aug 20): Hektar Real Estate Investment Trust’s (Hektar REIT) net property income (NPI) rose 9.

KUALA LUMPUR (Aug 11): Businessman Datuk Eddie Ong Choo Meng has ceased to be a substantial unitholder of Hektar Real Estate Investment Trust (KL:HEKTAR).

PETALING JAYA (Aug 6): Hektar Real Estate Investment Trust (Hektar REIT) has secured Bursa Malaysia Securities Bhd's approval to list and quote up to 42,075,256 consideration units to partly fund its proposed RM125 million acquisition and leaseback of KYS KL East International School.

PETALING JAYA (July 24): Hektar Real Estate Investment Trust (Hektar REIT) has submitted its listing application to Bursa Malaysia Securities in connection with its proposed RM125 million acquisition and sale-and-leaseback of KYS KL East International School in Kuala Lumpur.

PETALING JAYA (July 8): Hektar Real Estate Investment Trust (Hektar REIT) has completed the acquisition and lease of a leasehold industrial property in Penang following fulfilment of the conditions precedent and satisfaction of the purchase consideration, according to a Bursa Malaysia filing.

KUALA LUMPUR (May 23): Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.

KUALA LUMPUR (May 9): Hektar Real Estate Investment Trust (Hektar REIT) yesterday formally completed the acquisition and lease of two parcels of leasehold land in Alor Gajah, Melaka from KYS College Sdn Bhd, with the final tranche — Lot No 9807 measuring 6.

Last Friday, Hektar announced that it is buying the land for RM40 million in the Durian Tunggal sub-district from KYS College Sdn Bhd in a related party transaction.

In a filing with Bursa Malaysia, the REIT said its trustee, MTrustee Bhd, is purchasing the land located in the Durian Tunggal sub-district from KYS College Sdn Bhd.