Hektar REIT Secures RM150 Million Deal For KYS College Property Acquisition

Our Partners, Lukman Sheriff Alias and Teh Hooi Woon, from Zul Rafique & Partners, have played a pivotal role in a significant transaction that saw the signing of a sale and purchase agreement for the acquisition by Hektar REIT of buildings and facilities of KYS College located at Ayer Keroh, Melaka from KYS College Sdn Bhd at the acquisition price of RM150 Million.

This strategic move will improve the diversity of Hektar REIT's overall property mix with lesser reliance on the retail sector. Our Partners provided invaluable legal counsel and expertise throughout the transaction process, ensuring a seamless and successful deal completion.

This deal update was also reported in:

• The Star, HERE
• New Straits Times, HERE
• The EDGE, HERE