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


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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.