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 commercial real estate primarily used for retail purposes. Hektar REIT’s portfolio currently consists of quality properties situated in Subang Jaya, Melaka, Muar, Sungai Petani, Kulim and Segamat with a combined portfolio value of RM1.2 billion.
Hektar REIT was listed on the Main Board of Bursa Malaysia on 4 December 2006 and has continuously recorded stable performance since its listing. The REIT’s cornerstone investor is Frasers Centrepoint Trust, part of the Frasers Property Group, headquartered in Singapore.
Hektar REIT is managed by Hektar Asset Management Sdn Bhd and was formed with a vision to own and manage world-class shopping centres for Malaysian consumers, based on international best practices.
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