Vision

Creating The Places Where People Love to Shop

Hektar Real Estate Investment Trust (“Hektar REIT”) aims to be recognized as a leading real estate owner and investor in terms of asset management, asset size and returns to unitholders.

Creating The Places Where People Love to Shop

Hektar Real Estate Investment Trust (“Hektar REIT”) aims to be recognized as a leading real estate owner and investor in terms of asset management, asset size and returns to unitholders.

The first retail focused Real Estate Investment Trust (REIT) to be listed in Bursa Malaysia in 2006.

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia’s first retail focused REIT. Hektar REIT’s principal objective is to provide its unitholders with a defensible income distribution and to enhance the long-term value of the fund.

Hektar REIT invests in income-producing real estate primarily used for retail purposes. Hektar REIT’s portfolio currently consists of quality shopping centres situated in Subang Jaya, Melaka, Muar, Sungai Petani, Kulim and Segamat with a combined value of RM1.2 billion.

Hektar REIT was listed on the Main Board of Bursa Malaysia Securities Berhad on 4 December 2006 and has continuously recorded improving perfomance since its listing. The REIT’s cornerstone investor is Frasers Centrepoint Trust, part of the Fraser & Neave Group, headquartered in Singapore. Frasers Centrepoint Trust acquired a 27% stake in June 2007 and an additional 4% upstake in April 2008.

Hektar REIT is managed by Hektar Asset Management Sdn Bhd, and was formed with a vision to develop world-class shopping centres for Malaysian consumers, based on international best practices.

Corporate Missions

  • To grow and manage Hektar REIT’s portfolio optimally
  • To develop excellent employees
  • To conduct business ethically
  • To be customer-centric
  • To create value for the communities we operate in
  • To provide optimum and sustainable income distribution to Hektar REIT’s unitholders

Goals

  • To pay attractive Distribution Per Unit (“DPU”) relative to the market
  • To form a solid and defensible portfolio to create stable and sustainable value to its stakeholders

Focus

Neighbourhood and regional shopping centres throughout Malaysia with the objective of providing Malaysian consumers with conducive retail environments based on international best practices.