Hektar REIT to acquire 1Segamat Shopping Centre for RM104 Million

Hektar REIT to acquire 1Segamat Shopping Centre for RM104 Million

KUALA LUMPUR, June 10 — Hektar Real Estate Investment Trust (Hektar REIT) will acquire 1Segamat Shopping Centre for RM104 million.

In a statement today, Hektar REIT said its trustee, AmTrustee Bhd, has signed a conditional sale and purchase agreement on its behalf with EcoFirst Consolidated Bhd’s wholly-owned unit, Tashima Development Sdn Bhd, for the acquisition.

“The three-storey retail mall, which covers 223,439 sq ft, was was opened on Aug 25, 2013. It enjoys a high occupancy rate of 96.35 per cent, with diverse tenancy mix that includes national and international brands.

— BERNAMA

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