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Hektar Real Estate Investment Trust has acquired its first industrial property, located in the Bayan Lepas Free Industrial Zone in Penang, further growing its portfolio beyond its bread-and-butter retail sector. The RM30 million acquisition brings the REIT’s portfolio to a total of eight properties
UUE has secured a growing portfolio of projects in Singapore, including works related to power and telecommunications infrastructure. Among its notable wins are projects linked to major utility and telecommunications operators in Singapore, which management believes will strengthen the group’s credentials in one of the region’s most demanding infrastructure markets.
UUE orderbook is already at half a billion ringgit. It will last two to three years