Corporate News

Hektar REIT to acquire 41.8 acres in Melaka for RM40mil, signs 30-year leaseback deal

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) has proposed to acquire two parcels of leasehold land in Melaka, totalling 41.8 acres for RM40mil.

In a filing with Bursa Malaysia, Hektar REIT said its trustee, MTrustee Bhd, entered into two conditional sale and purchase agreements with KYS College Sdn Bhd for the proposed acquisition.

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Hektar REIT , Melaka , Durian Tunggal , acquisition , KYS College

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