YEAR 2012

PHB Increases AHB Fund Size To 1.5 Billion Units
Posted November 27th, 2012 in Media Release 2012

Much-awaited additional 500 million units of the Fund equivalent to RM500 million, accompanied by AHB’s second 2012 income distribution announcement of 3.25 sen a unit

Kuala Lumpur, 24 October 2012 – Pelaburan Hartanah Berhad (“PHB”) and Maybank Asset Management Sdn. Bhd. (formerly known as Mayban Investment Management Sdn. Bhd.) (“Maybank AM”) today jointly announced Amanah Hartanah Bumiputera’s (“AHB” or “the Fund”) second 2012 income distribution of 3.25 sen a unit, which involved a total payment of approximately RM31 million to its AHB unit holders. This translates to an annualized income yield of 6.50 percent when benchmarked against the 12-month General Investment Account-i of Maybank Islamic Berhad.

AHB income distribution, if any, is payable on a six-monthly basis. The payouts are tax-exempted and are net-zakat contribution. The second payout for this year will be directly credited into unit holders’ bank accounts on 25 October 2012.

This is the fourth income distribution made by AHB to its unit holders since its inception in November 2010. Earlier this year, in April 2012, it announced the year’s first interim income distribution of 3.25 sen a unit. With the latest income distribution, a total of RM62 million has been paid out to the unit holders for the year ended 30 September 2012.

“AHB has received tremendous response since it was introduced in November 2010. It has remained fully subscribed and continues to receive enquiries at Maybank branches nationwide. This proves that the Fund is a real investment option amongst Bumiputera who may see it as an attractive opportunity to participate in the beneficial ownership of prime real estate backed assets through low minimum entry point, which offers competitive returns and comfort of investment in Shariah-compliant assets,” Azamin added.

AHB Fund Increased

Following the announcement of the second AHB income distribution for 2012, Datuk Kamalul Arifin Othman – MD and CEO of PHB, made the much-awaited announcement of an increase in AHB’s total fund size.

In his announcement, Datuk Kamalul said, “Earlier this year, we shared that PHB is looking at expanding the size of the Fund as part of its continuous effort to increase Bumiputera ownership in prime commercial real estate backed assets. Today, we are happy and proud to announce the addition of RM500 million worth of AHB units into the Fund. This additional fund size will be injected and available for subscription from 24 October 2012 onwards.” With the announcement, the Fund size is now increased to 1.5 billion units, which is equivalent to RM1.5 billion.

In addition to the increase in fund size, Datuk Kamalul also announced that the maximum investment entry has now been increased to RM400,000 (previously RM200,000), enabling investors to invest and reap more from AHB’s investments. The minimum entry point for AHB remains at RM500.

“We are also pleased to announce that we have secured a collaboration with the Employees Provident Fund (“EPF”), which enables Bumiputeras to now invest in AHB not only through cash investments but also using their EPF savings at Maybank branches nationwide.”

PHB Moves Into Its Next Phase

Since its inception, PHB has been prudently acquiring prime commercial real estates in major cities around Malaysia. To date, PHB has accumulated property assets worth RM1.5 billion.

PHB’s list of completed assets includes Block A,B,D,E,F & G of Dataran PHB, Menara Bumiputera-Commerce, CP Tower, Wisma Consplant, Logistic Warehouse Shah Alam, Menara Prisma Putrajaya, Tesco Setia Alam and DEMC Specialist Hospital.

PHB has also diversified its investment portfolio by venturing into property development at prime sought-after locations. Currently, PHB is working on Lot G Commercial Development at KL Sentral – an integrated development project, which consists of a 7-storey lifestyle retail mall and 32-storey office tower, as well as a new 10-floor extension building of Gleneagles Hospital Kuala Lumpur on Jalan Ampang.

PHB is also gearing towards expanding its role in real estate investment and development by taking on a bigger role of master developer at a prime location in Bangsar.

“PHB has diligently worked to increase the involvement of Bumiputera’s in prime real estate backed assets investments. We are happy to say that we have successfully completed the “Establishment Phase” and are now moving on to the “Expansion Phase”, where we aim to further push the aspiration of the Government to boost Bumiputera ownership of prime commercial properties.”

Datuk Kamalul elaborated that in the “Expansion Phase”, PHB will be more active in seeking out viable properties to invest in or develop, to later be injected into AHB and consequently provide more opportunities for investors to be part of the country’s fair and balanced wealth creation initiative.

Pelaburan Hartanah Berhad (PHB) Moves Forward with Dataran PHB Acquisition – 10 July 2012
Posted July 10th, 2012 in Media Release 2012
Latest accretion gives further boost to AHB Fund

Kuala Lumpur, 10 July 2012 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) has entered into a Sale and Purchase Agreement (“SPA”) with Axaregal Sdn. Bhd. (“Axaregal”) for the acquisition of three office buildings, two retail buildings and two levels of basement car parks located at Dataran PHB, Shah Alam.

The SPA was signed by PHB’s Managing Director and Chief Executive Officer – Datuk Kamalul Arifin Othman and Axaregal’s Country Head – William Lim today in a private ceremony at PHB’s office.

Dataran PHB is located within Saujana Resort, an integrated commercial and residential development which includes The Saujana Golf & Country Club, The Saujana Hotel, Saujana Villa Condominium and Bunga Raya Condominium. Strategically located about 25km south-west of Kuala Lumpur and 10km from Petaling Jaya, Dataran PHB consist of 5 blocks of modern offices, meticulously landscaped surroundings with all the expected expediencies of a contemporary commercial area.

Its accessibility via major highways (New Klang Valley Expressway (NKVE), Federal Highway and Kelana-Subang Link) and the convenience of amenities surrounding Dataran PHB has made it an attractive choice for various companies to set base there. The office blocks are currently 90% occupied with local and international companies. At the time of the acquisition, Block D of Dataran PHB was already under PHB’s list of properties. The Agreement signed today will see PHB owning 86% of Dataran PHB (Block A, B, D, E, F and G). Meanwhile, Block C of Dataran PHB is owned by another entity.

The strategic acquisition of Dataran PHB by PHB was seen as timely as part of its continuous efforts in promoting Bumiputera beneficial ownership of prime commercial real estate in major cities. Speaking on the latest acquisition, Datuk Kamalul Arifin Othman – Managing Director and Chief Executive Officer of PHB told attendees that the procurement is an affirmation of PHB’s dedication to building and diversifying its property portfolio for the benefit of its stakeholders.

“The acquisition of Dataran PHB is part of PHB’s ongoing activity to seek strategic real estate investments. We recognize the value that the Property has to offer to PHB as a whole and to our Amanah Hartanah Bumiputera (“AHB”) Fund specifically. We believe that it will be an important and valuable asset that will provide continuous and stable rental income that will benefit our investors”, said Datuk Kamalul. With the latest addition, PHB’s total value of completed assets is beefed up to approximately RM1.5 billion.

To date, PHB’s ownership of other completed properties include Menara Bumiputra-Commerce at Jalan Raja Laut, CP Tower in Petaling Jaya, Wisma Consplant in Subang Jaya, Block D at Dataran PHB, Tesco Setia Alam, Menara Prisma in Putrajaya, Logistics Warehouse in Shah Alam and DEMC Specialist Hospital.

Apart from the above completed properties mentioned, PHB also has two (2) projects that are currently under development – a brand new 10-floor healthcare facility at Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”) and an integrated commercial development known as Lot G in KL Sentral which consists of a 7-storey ‘green’ lifestyle retail mall named Nu Sentral and a 27-storey office Tower.

PHB & MIM Announced Dividend Payout for its AHB Unit Holders – 9 April 2012
Posted April 9th, 2012 in Media Release 2012
Malaysia’s first Shariah-compliant real estate backed unit trust fund continues to empower Bumiputera investors and increasing property ownership

Kuala Lumpur, 9 April 2012 – Pelaburan Hartanah Berhad (“PHB”), a subsidiary of Yayasan Amanah Hartanah Bumiputera (“YAHB”) and Mayban Investment Management Sdn. Bhd. (“Mayban Investment Management”), have declared an interim income distribution of 3.25 sen a unit which will involve a total payment of approximately RM32 million for its Amanah Hartanah Bumiputera Unit Trust Fund (“AHB”) or (“the Fund”) unit holders for the period of six-months ended 31 March 2012. This translates to an annualised income yield of 6.50 per cent when benchmarked against the 12-month General Investment Account-i of Maybank Islamic Berhad.

AHB income distribution, if any, is payable on a six-monthly basis for periods ending 31 March and 30 September each year and is tax-exempted. The first payout for this year will be directly credited into unit holders’ bank accounts on 10 April 2012.

This will be the third income distribution made by AHB to its unit holders. Last year, a total of RM50 million was paid out – RM19 million in the first income distribution and RM31 million in the second.

The one (1) billion AHB units were very well-received across the country when it was launched in November 2010 by the Prime Minister YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak. In less than three (3) months all units were fully subscribed. Currently, AHB sales amount by state records Federal Territory as having the highest subscription with 49.67%, followed by Selangor with 14.51%, Sarawak 6.67%, Sabah 5.84%, Johor 5.04%, Perak 3.66%, Kedah 3.54%, Penang 2.61%, Melaka 2.39%, Pahang, 1.73%, Terengganu 1.27%, Negeri Sembilan 1.21%, Kelantan 1.03% and Perlis 0.84%.

AHB is a first of its kind RM1.00 a unit fixed-price Shariah-compliant real estate backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets with a minimum entry investment of RM500. The Fund is designed for investors of medium risk appetite who wish to receive regular income and potentially higher returns secured through PHB’s strategic investments in prime commercial properties in highly sought after locations within the major cities of Malaysia. The Fund is made available for subscription at all Maybank branches nationwide.

In his statement today, Managing Director (“MD”) and Chief Executive Officer (“CEO”) of Mayban Investment Management, Encik Nor’ Azamin Salleh, said “The tremendous response from the investors proves the Fund to be a suitable investment option amongst Bumiputera investors as it offers participation in the beneficial ownership of real estate assets, competitive returns, low minimum entry point and is Shariah-compliant”. The Fund declared its first income distribution of 2.17 sen a unit for an approximately four-month period ended 31 March 2011. Subsequently, for the period of six months ended 30 September 2011, the Fund announced a second income distribution of 3.25 sen a unit.

Datuk Kamalul Arifin Othman, MD and CEO of PHB said, “PHB is certainly looking at expanding the size of the Fund as part of its continuous efforts to foster equality in Bumiputera ownership of the country’s prime commercial real estate and providing a safe, affordable avenue for wealth creation through its securitized investments. To further ensure that PHB’s portfolio remains up-to-date and competitive, sustained initiatives have been executed to actively acquire a more dynamic mix of properties. We have also launched activities such as the Asset Enhancement Programme to upgrade our buildings to ensure that portfolios under PHB maintain its appeal and value in the market”.

In line with the plan for the Fund’s expansion, Datuk Kamalul Arifin added PHB would continue to source for new assets to be injected into AHB. “To provide our investors with a good and consistent income stream, PHB is looking to buy more completed and income-yielding assets, expand its landbank and venture into more property development projects. In doing this and to ensure higher yields, quality is definitely more important than quantity,” added Datuk Kamalul Arifin.

Last year, PHB added another completed property to its list of seven completed properties around Klang Valley with the acquisition of DEMC Specialist Hospital (“DEMC”), a 9-storey specialist hospital located at Shah Alam, Selangor Darul Ehsan. Apart from DEMC, PHB’s other properties include Block D of Dataran PHB in Saujana Resort, Menara Bumiputra-Commerce in Jalan Raja Laut, CP Tower in Petaling Jaya, Wisma Consplant in Subang Jaya, Tesco Setia Alam, Menara Prisma in Putrajaya and Logistics Warehouse in Shah Alam.

In October 2011, PHB signed an agreement for a property development project with Gleneagles Hospital Kuala Lumpur (“Gleneagles Kuala Lumpur”). The project involves the extension of Gleneagles Kuala Lumpur covering a total gross floor area of approximately 300,000 sq ft. The gross development cost of this extension is approximately RM138 million. It will see a new 10-floor healthcare facilities being built with a lease period granted to Gleneagles Kuala Lumpur to occupy the same for 15 years with an option to renew for another 15 years. At the moment, the development is well underway in meeting its 3-year completion plan.

Speaking on PHB’s involvement in the health care industry, Datuk Kamalul Arifin said that the move was a conscious one by PHB because the industry is a thriving one in this region and it fulfills the company’s Shariah-compliant policy.

The AHB units are now fully subscribed, however the public is advised to enquire with any Maybank branch for units which are made available due to daily normal redemptions.

AHB is managed by Mayban Investment Management, sponsored by PHB while the trustee of the Fund is AmanahRaya Trustees Berhad.