Hektar Asset Management announces CEO resignation
Johari, 52, has decided to step down to pursue new opportunities after holding the CEO post for two years.
Johari, 52, has decided to step down to pursue new opportunities after holding the CEO post for two years.
Hektar MTN Satu is a special purpose entity incorporated to raise financing on behalf of Hektar REIT.
In a bourse filing on Wednesday, Hektar REIT said Ong acquired 42.
Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.
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.