Thursday, 18 April 2013

Hektar Asset Mgmt plans RM19m capex to refurbish Kedah malls

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar REIT, will invest RM19mil to refurbish two of its malls in Kedah.

Its executive director and chief financial officer Zalila Mohd Toon said on Thursday the malls were Central Square and Landmark Central, which were recently acquired for RM181mil.

"We are going to prioritise the refurbishment of Central Square and RM19m have been allocated to upgrade the two malls," she said after Hektar's AGM. 

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