Latest news with #HektarRealEstateInvestmentTrust
New Straits Times
11-07-2025
- Business
- New Straits Times
Hektar Reit buys Alor Gajah land for RM40mil
Azanis Shahila Aman KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar Reit) is buying two plots of land in Alor Gajah, Melaka measuring 16.92 hectares for RM40 million. This is part of Hektar Reit's long-term strategy to enhance sustainable income and portfolio diversification. In a filing with Bursa Malaysia, Hektar Reit said its trustee, MTrustee Bhd, had entered into two separate conditional sale and purchase agreements (SPAs) with KYS College Sdn Bhd for the acquisition. The acquisition will be funded via a mix of cash and borrowings, with RM24 million in financing expected to be raised. Upon completion of the SPAs, the properties will be leased to KYSA Education Sdn Bhd, the current operator of Kolej Yayasan Saad Melaka, under a 30-year triple net lease agreement, with an option to extend for another 30 years. The lease agreements, already signed by MTrustee, include a 10 per cent rental escalation every three years and are expected to yield an average return of 8.45 per cent over the 30-year tenure. "The rental shall commence upon the completion of the respective SPA," the Reit said. Hektar Reit said the lease structure provides a stable, long-term income stream while offering an attractive risk-adjusted return. "In line with its long-term strategy, Hektar Reit may also evaluate the acquisition of future developed portions of the site, allowing the company to secure incremental, recurring income streams and further strengthen its portfolio diversification through increased exposure to the resilient education sector," it added.
The Star
11-07-2025
- Business
- The Star
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. The land comprises a 6.3-acre parcel priced at RM6mil and a 35.5-acre portion of land priced at RM34mil, both located in Mukim Durian Tunggal, Alor Gajah. The properties will also be leased back to the vendor as part of the agreement. As part of the deal, the land will be leased back to KYS College. MTrustee has also signed two lease agreements with KYSA Education Sdn Bhd, the current operator of Kolej Yayasan Saad Melaka, for a 30-year triple net lease on the properties. The lease includes a 10% rental escalation every three years, with a combined average yield of 8.45% over the 30-year term. It added that the lessee also has the option to extend the lease for another 30 years, and subsequently until the end of the leasehold period. Hektar REIT said the proposed acquisition will be funded through a combination of cash and borrowings, with RM24mil in financing expected to be raised. It said the proposed acquisition and lease align with its long-term goal of providing sustainable income to unitholders by investing in quality real estate with stable returns. Although the acquisition currently involves only the land, it lays the groundwork for future expansion of KYS. Once the lessee completes development on the site, Hektar REIT may choose to acquire the completed building, shifting the rental structure to one based on gross floor area. It said this would boost future income potential and further diversify the REIT's portfolio with greater exposure to the growing education sector.
The Star
24-06-2025
- Business
- The Star
Hektar-REIT buys 90% stake in Terramark
PETALING JAYA: Hektar Real Estate Investment Trust (Hektar-REIT) is acquiring a 90% stake in Terramark Sdn Bhd from Wan Realty Sdn Bhd and Darul Modal Sdn Bhd for RM26mil to diversify its portfolio into the industrial and renewable energy sectors. In a filing with Bursa Malaysia, Hektar-REIT said Terramark owns a 60-year piece of leasehold agricultural land in Perlis measuring approximately 197.76 acres that is intended for conversion to industrial land use. 'By acquiring a controlling stake in Terramark, which owns a substantial landbank in Chuping, Perlis, Hektar-REIT will expand its asset exposure beyond retail properties. 'This move not only strengthens the REIT's presence in high-growth sectors but also strategically positions it to benefit from Malaysia's renewable energy transition,' it said.
New Straits Times
06-05-2025
- Business
- New Straits Times
Hektar REIT taps Samaiden for solar rollout across five malls
KUALA LUMPUR: Hektar Real Estate Investment Trust (REIT) has collaborated with Samaiden Group Bhd on a solar deal, aligning with Malaysia's renewable energy transition and long term carbon reduction targets. Under the partnership, solar photovoltaic (PV) systems will be installed across five Hektar REIT's shopping centres under a zero upfront capital model. Samaiden will lead the end-to-end execution while Hektar REIT will benefit from a fixed clean energy supply rate. In a joint statement, both parties said this structure helps mitigate electricity price volatility and contributes to financial stability through predictable energy costs. The initiative is expected to generate long-term energy cost savings of about RM41.3 million over the partnership period while avoiding an estimated 98,640 tonnes of carbon emissions. "By integrating rooftop solar PV systems across our malls, we are not only reducing our carbon footprint, but also increasing energy efficiency and lowering the total electricity consumption, potentially by up to 15 per cent annually compared to the previous year. "This is a strategic move that supports national climate commitments while delivering tangible returns to our unitholders, tenants, and communities," said Hektar Asset Management Sdn Bhd chief executive officer Zainal Iskandar Ismail. Samaiden group managing director Datuk Chow Pui Hee said the company's zero-capex solar programme provides businesses with the opportunity to integrate sustainable energy solutions without financial barriers. "As one of Malaysia's leading renewable energy providers, Samaiden is committed to delivering innovative solar solutions that support carbon reduction and enhance energy resilience. "By partnering with forward-thinking industry players like Hektar REIT, we hope to drive greater adoption of solar energy in Malaysia's commercial and retail sectors," she added.
