Hektar REIT completes KYSM acquisition, aims to double portfolio size by 2027

Kolej Yayasan Saad Melaka

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), has announced the completion of the acquisition of Kolej Yayasan Saad Melaka (KYSM) for RM148.5 million, marking a pivotal moment in Hektar REIT’s strategic expansion and diversification efforts, being the first educational asset in its portfolio.

The acquisition of KYSM offers several advantages to Hektar REIT as the asset is secured under a 30-year quadruple net lease agreement, ensuring incremental revenue annually and an average yield of 8.0 per cent throughout the lease tenure.