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Hektar REIT completes KYSM acquisition, aims to double portfolio size by 2027

The Star LogoThe Star2w ago

Hektar REIT completes KYSM acquisition, aims to double portfolio size by 2027 - The Star

Quick Summary:

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), has announced the completion of the acquisition of Kolej Yayasan Saad Melaka (KYSM) for RM148.5 million, marking a pivotal moment in Hektar REIT’s strategic expansion and diversification efforts, being the first educational asset in its portfolio.

KYSM has consistently ranked among the top 10 schools nationally for its Sijil Pelajaran Malaysia results and is renowned for excellence in both academic and co-curricular achievements since its establishment in 1995.

"Several assets are already in the pipeline for our consideration with the strategy to mix non-retail assets up to 20 per cent in our portfolio,” it said.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 20:40:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21574521

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 4 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 23 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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