Hektar REIT to install 13 EV charging stations across six malls
The installation initiative stems from a collaboration between Hektar Asset Management Sdn Bhd, manager of Hektar REIT, and GMA Resources.
The installation initiative stems from a collaboration between Hektar Asset Management Sdn Bhd, manager of Hektar REIT, and GMA Resources.
The buildings it is acquiring include academic blocks, a great hall, staff and student accommodation, and sports and other facilities.
“Our forecasts imply a divvy yield of 9.
Going forward, Hektar REIT executive director and chief executive officer Johari Shukri Jamil shared that there are 94 tenants covering 528,121 sq ft of space that is set to expire in 2024, followed by 58 tenants with 187,202 sq ft expiring in 2025.
The total value of the six properties — Subang Parade, Mahkota Parade, Wetex Parade,Central Square, Kulim Central, and Segamat Central — rose to RM1.
Hektar REIT said the Malaysian retail landscape showed steady recovery, as it inches back to the pre-pandemic levels, and this is evident across the REIT’s portfolio.
KUALA LUMPUR (June 13): Hektar Real Estate Investment Trust (REIT) chief executive officer (CEO) Datuk Hisham Othman, 60, is retiring from his position and will be succeeded by non-executive director Johari Shukri Jamil.
PETALING JAYA (Aug 2): Singapore-listed theme park developer and operator Sim Leisure Group has partnered with Hektar Muda Sdn Bhd to develop a theme park development in Cameron Highlands, Pahang worth RM100 million.