Hektar maintained steady progress since 2002.
Emphasis on asset enhancement
Constant lookout for yield-accretive acquisitions
August — Hektar REIT wins Gold at Asia Pacific Best of the Breeds REITs Awards under ‘Retail REIT’ category.
December — AEI in Kulim Central officially completed ahead of schedule.
November — Hektar Wins Best Under Billion Award (BUB Awards) for Best In Online Presence.
September — Hektar Asset Management announced Hektar REIT’s completion of the acquisition of 1Segamat Shopping Centre.
December — Commencement of RM23 million Asset Enhancement Initiatives in Kulim Central.
December — Completion and re-launch of the cinema expansion at Mahkota Parade, from 4 screens to 10 screens.
September — Central Square celebrated its relaunch after an extensive facelift.
August — Commencement of RM 23 million asset enhancement initiative at Central Square.
February — Hektar celebrated Subang Parade’s 25th year anniversary.
October — Hektar Asset Management announced Hektar REIT’s completion of the acquisition of Landmark Central Shopping Centre and Central Square Shopping Centre for RM 181 million.
October — Wetex Parade wins a Gold Award for Marketing Excellence at the International Council of Shopping Centers’ Asia Pacific Awards.
May — Mahkota Parade celebrated a relaunch after an extensive RM30.4 million refurbishment.
February — Hektar REIT declared FY2009 DPU at 10.30 sen, a 1% increase over FY2008.
October — Mahkota Parade wins a Silver Award in the Community Relations Category at the International Council of Shopping Centers’ Asia Pacific Awards.
February — Hektar REIT FY2008 DPU declared at 10.20 sen, a 3.1% increase over FY2007 on an annualised basis.
October — Subang Parade wins a Silver Award for Development & Design at the International Council of Shopping Centers’ Asia Pacific Awards.
May — Hektar Asset Management announced Hektar REIT’s completion of the acquisition of Wetex Parade & Classic Hotel, an integrated retail shopping centre development in Muar, Johor, for RM117.5 million.
April — Frasers Centrepoint Trust raised holdings in Hektar REIT to 31%.
March — Hektar Asset Management announced signing of Joint-Venture Agreement with Frasers Centrepoint Limited, part of the Fraser & Neave Group, listed in Singapore. Frasers Centrepoint Limited to acquire 40% of Hektar Asset Management and jointly manage Hektar REIT.
February — Hektar REIT FY2007 DPU declared at 10.71 sen (9.89 sen annualised) for 13 month period ended December 2007, which is 11.2% higher than its prospectus forecast issued 15 November 2006.
May — Hektar Asset Management announced Cornerstone Investment by Frasers Centrepoint Trust, a Singapore-listed REIT focused on retail. Frasers Centrepoint Trust acquired a 27% stake in Hektar REIT.
April — Hektar Asset Management announced first quarter results for Hektar REIT and quarterly dividend distribution policy.
December — Hektar REIT listed on the main board of Bursa Malaysia Securities Berhad on 4 December 2006 as Malaysia’s first retail-focused REIT. Portfolio valued at RM512 million.