Hektar-REIT acquires industrial asset


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.

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