Hektar REIT sees gain of RM41.6 mil from revaluation of six assets
The total value of the six properties — Subang Parade, Mahkota Parade, Wetex Parade,Central Square, Kulim Central, and Segamat Central — rose to RM1.
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.
PETALING JAYA: With the pandemic still raging, the newly-minted chairman of the Malaysian Real Estate Investment Trust (M-REIT) Managers Association (MRMA) Datuk Hisham Othman (pictured) is already hitting the ground running, having taken over the position from immediate past chairman Datuk Jeffrey Ng on June 17.
KUALA LUMPUR (June 18): The Malaysian REIT Managers Association (MRMA) has named Hektar Asset Management Sdn Bhd CEO Datuk Hisham Othman (pictured) as its chairman in an annual general meeting on June 17.
KUALA LUMPUR (Jan 16): Malls in secondary towns are reported to be “faring somewhat better in terms of footfall, tenancy or even overall performance” compared to those in major towns/cities, reported The Edge Malaysia in its latest issue.
PETALING JAYA (June 29): Hektar Real Estate Investment Trust (REIT) said it is in “survival plus recovery” mode for the rest of the financial year ending Dec 31, 2020 (FY20) as the group contends with the impact of Malaysia's movement control order (MCO) to curb the Covid-19 pandemic.
KUALA LUMPUR (Sept 6): Hektar REIT was named the first runner-up in the Asean Energy Efficient Building: Retrofitted Building category at the Asean Energy Awards & Gala Dinner held in Bangkok, Thailand on Wednesday.