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Saturday, March 13, 2010

Hektar REIT sells land to Govt

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager for Hektar REIT (real estate investment trust), yesterday announced the Government has acquired 0.1331 ha from Hektar REIT.

The deal, done under the Land Acquisition Act 1960, was for the proposed extension of the Kelana Jaya Light Rail Transit Phase Two project in Subang Jaya.

The land formed part of the 4.362 ha on which the Subang Parade Shopping Centre is located and which belong to Hektar REIT, the company said in a filing with Bursa Malaysia.

By Bernama

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