Foong Mun's Contact Details

Foong Mun's Company Details

Hektar Property Services Sdn Bhd

Shah Alam, Selangor, Malaysia • 51 - 200 Employees
Commercial Real Estate

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia's first retail focused REIT. Hektar REIT's principal objective is to provide its unitholders with a defensible income distribution and to enhance the long-term value of the fund.Hektar REIT invests in income-producing real estate primarily used for retail purposes. Hektar REIT's portfolio currently consists of quality shopping centres situated in Subang Jaya, Melaka, Muar, Sungai Petani, Kulim and Segamat with a combined value of RM1.2 billion.Hektar REIT was listed on the Main Board of Bursa Malaysia Securities Berhad on 4 December 2006 and has continuously recorded improving perfomance since its listing. The REIT's cornerstone investor is Frasers Centrepoint Trust, part of the Fraser & Neave Group, headquartered in Singapore. Frasers Centrepoint Trust acquired a 27% stake in June 2007 and an additional 4% upstake in April 2008.Hektar REIT is managed by Hektar Asset Management Sdn Bhd, and was formed with a vision to develop world-class shopping centres for Malaysian consumers, based on international best practices.