March 27, 2017 12:34 AM ET

Real Estate Management and Development

Company Overview of Pelaburan Hartanah Berhad

Company Overview

Pelaburan Hartanah Berhad, a real estate investment holding company, provides property investment and development services. It acquires and develops properties at prime locations in Malaysia to generate long-term wealth creation to its Amanah Hartanah Bumiputera unit trust holders; and leases office spaces to corporate clients. Pelaburan Hartanah Berhad was formerly known as Pelaburan Hartanah Bumiputera Berhad. The company was founded in 2006 and is based in Shah Alam, Malaysia. Pelaburan Hartanah Berhad operates as a subsidiary of Yayasan Amanah Hartanah Bumiputera.

Level 9, Block D

Peremba Square

Saujana Resort

Section U2

Shah Alam,  40150

Malaysia

Founded in 2006

Phone:

60 3 7711 3000

Fax:

60 3 7711 3030

Key Executives for Pelaburan Hartanah Berhad

Chief Executive Officer, Managing Director and Director
Age: 56
Group Chief Financial Officer
Head of Risk Management and Deputy General Manager
Senior General Manager of Property Management & Investment
Head of Legal & Company Secretarial
Compensation as of Fiscal Year 2016.

Pelaburan Hartanah Berhad Key Developments

Pelaburan To Sell Land

Pelaburan Hartanah Berhad intends to sell land. Pelaburan is planning to sell close to 790 acres of land it owns in Ulu Bernam, Selangor, documents obtained by The Edge show. According to industry estimates, the land is worth MYR 6 per square foot, which means Pelaburan may be able to sell its tract for MYR 206 million. The documents, titled "For sale by expression of interests" reveal that Savills (M) Sdn Bhd has been appointed to look for buyers. When contacted, Nabeel Hussain, Associate Director of capital markets at Savills, confirms that the company is the exclusive agent for the proposed sale. However, he declines to give more details. Edge Financial added that PHB Managing Director, Datuk Kamalul Arifin Othman, also declines to comment.

Pelaburan Seeks Acquisitions

Pelaburan Hartanah Berhad plans to acquire more prime commercial properties and develop high-value commercial projects nationwide. PHB group Managing Director and Chief Executive Officer Datuk Kamalul Arifin Othman said the aim was in line with its effort to increase the fund size of Amanah Hartanah Bumiputera from time to time, and provide opportunities to the Bumiputera community to participate in property investment. "AHB was established to provide opportunities to Bumiputeras to enable them to join as well as invest and participate as beneficial owners of prime commercial properties in Malaysia via unit holdings in AHB," Datuk Kamalul said at the launch of an additional 1.5 billion AHB units.

Pelaburan Hartanah Bhd Acquires Land from Terengganu for MYR 106 Million

Pelaburan Hartanah Bhd (PHB) has acquired 4.4 hectares, worth MYR 106 million, from the Trengganu state government and its agency, Lembaga Tabung Amanah Warisan Negeri Terengganu, for a mixed integrated commercial development project. The project, with gross development value of about MYR 700 million, is located in Kampung Ladang Tanjung Bandar, Kuala Terengganu.

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