Creating The Places Where People Love to Shop
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 and Kulim with a combined value of RM1.09 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.
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.