Hektar REIT in talks for retail asset


  • Business
  • Wednesday, 17 Apr 2019

Hisham: We like malls that are market leaders in their locality, being the number one or only mall in town.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) is in active negotiations to acquire a retail asset as plans to double its asset value to RM2.4bil by 2026 are on track.

Hektar Asset Management Sdn Bhd CEO Datuk Hisham Othman (pic), however, declined to divulge further information on the retail asset but reiterated that the Reit’s strategy is to own geographically diverse malls that are yield accretive.

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