PETALING JAYA: Hektar Real Estate Investment Trust
(Hektar-REIT) is acquiring a property with factory buildings for industrial, warehousing and office use in Bayan Lepas Industrial Park, Penang, from Microlead Precision Technology Sdn Bhd for RM30mil in cash.
In a filing with Bursa Malaysia, Hektar-REIT said the acquisition was in line with the company’s investment objective to deliver long-term and sustainable distribution of income to unit holders by acquiring quality real estate with stable recurring income.
“The proposed acquisition would further improve the asset diversification of the overall property portfolio of Hektar-REIT with the inclusion of its first maiden industrial asset.
“This is a significant opportunity for Hektar-REIT to begin its industrial footprint in Bayan Lepas by acquiring quality yield-accretive assets with modern facilities at a prime location.”
