Portfolio highlights | Hektar REIT

Subang Parade was the first ‘regional’ shopping centre in Selangor when it was opened in 1988.

The centre is located in the heart of Subang Jaya’s commercial district, a township which is 25 minutes drive from Kuala Lumpur.

35%

of our portfolio by value

Current value : 430 million

Purchase price: 280 million

Visitor traffic: 4.5 million/annum

Market catchment: 1,834,000 residents

Tenants: 78

Net lettable area: 521,992 sq ft

Discover Subang Parade

Mahkota Parade was the first ‘regional’ shopping centre located in the commercial and tourist centre situated in the heart of Melaka town.

27%

of our portfolio by value

Current value : 338.5 million

Purchase price: 232 million

Visitor traffic: 6.8 million/annum

Market catchment: 382,200 residents

Tenants: 91

Net lettable area: 521,142 sq ft

Discover Mahkota Parade

Wetex Parade is an integrated retail development located within the commercial district of Muar, Johor.

Wetex Parade is the leading department store anchored shopping centre in town and serves as the premier retail destination for the Muar area.

13%

of our portfolio by value

Current value : 161.7 million

Purchase price: 117.5 million

Visitor traffic: 3.2 million/annum

Market catchment: 201,600 residents

Tenants: 61

Net lettable area: 170,463 sq ft

Discover Wetex Parade

Completed in 1997, Central Square is the most established retail centre in Sungai Petani and is considered as one of the most recognisable landmarks in the area.

of our portfolio by value

Current value : 95 million

Purchase price: 83 million

Visitor traffic: 3.8 million/annum

Market catchment: 406,870 residents

Tenants: 49

Net lettable area: 310,564 sq ft

Discover Central Square

Kulim Central (formerly known as Landmark Central) is the prime neighbourhood mall in Kulim.

12%

of our portfolio by value

Current value : 142.5 million

Purchase price: 98 million

Visitor traffic: 3.0 million/annum

Market catchment: 287,694 residents

Tenants: 72

Net lettable area: 299,781 sq ft

Discover Kulim Central

The latest addition to Hektar REIT’s portfolio of shopping centres, Segamat Central (formerly known as 1Segamat Mall) remains the sole purpose-built shopping centre in the developing township of Segamat.

of our portfolio by value

Current value : 65 million

Purchase price: 104 million

Visitor traffic: 1.9 million/annum

Market catchment: 190,000 residents

Tenants: 36

Net lettable area: 211,919 sq ft

Discover Segamat Central

Diversity in asset by location

The portfolio consists of 2.0 million square feet of retail space and provides good geographical diversification to the REIT, serving areas including CBDs, suburbs, growing towns and emerging towns.

Data current as at 31 December 2023.

[1] Spectrum Research Asia Sdn Bhd, December 2012 (independent research), within 20 minutes drive.
[2] NLA Tenants only.

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