Hektar REIT's property in Muar, Johor - Wetex ParadeHektar REIT's property in Muar, Johor - Wetex Parade

Frasers Centrepoint Trust has declined to articulate its plans for Hektar REIT as the latter lays out plans to expand its investment mandate beyond retail assets.

The Malaysia-listed REIT has also announced an equity fundraising exercise that could dilute FCT’s stake in the entity by about 20%.

FCT is a Singapore-listed REIT with a mandate to invest in suburban retail assets across the country.

Related: Hektar REIT set to expand investment mandate with campus acquisition

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.