KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) is in active negotiations to acquire a retail asset as plans to double its asset value to RM2.4bil by 2026 are on track.

Hektar Asset Management Sdn Bhd CEO Datuk Hisham Othman (pic), however, declined to divulge further information on the retail asset but reiterated that the Reit’s strategy is to own geographically diverse malls that are yield accretive.

“This strategy has been proven well and the future malls that we acquire will most likely be situated outside the Klang Valley, as the Klang Valley is saturated with overbuilt malls or retail assets,” he said after the REIT’s AGM.

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