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KUALA LUMPUR, Oct 7 (Bernama)-- Pelaburan Hartanah Bhd (PHB) and Mayban Investment Management Sdn Bhd (MIM), have announced a second income distribution of 3.25 sen a unit for the Amanah Hartanah Bumiputera (AHB) Unit Trust Fund for the six-month period ended Sept 30, 2011.

AHB is managed by MIM and sponsored by PHB while the trustee is AmanahRaya Trustees Bhd.

"This translates to an annualised income yield of 6.5 per cent which is benchmarked against the 12-month General Investment Account-i of Maybank Islamic Bhd," the companies said in a joint statement today.

The statement also said the total dividend payout to all AHB unit holders for this second income distribution amounts to RM31 million.

"With this, the total income distribution for the first financial year of the ten-month period ended Sept 30, 2011 is 5.42 sen a unit equaling an annualised yield of 6.5 per cent," it added.

The first income distribution of 2.17 sen a unit for the four-month period ended March 31, 2011 was made in April this year.

Meanwhile, the statement said of the total 60,000 unit holders of AHB, almost 40,000 or 67 per cent of them, are small investors investing in a range of RM500 to RM1,000.

"This indicates that the Fund is well received by the low to medium income Bumiputera groups and therefore, augurs well with PHB's objective of reaching the people as a whole," it added.

--BERNAMA

SHAH ALAM: Pelaburan Hartanah Bhd (PHB) is looking to expand the size of its Amanah Hartanah Bumiputera (AHB) unit trust scheme to RM1.5bil by year-end from RM1bil now.

According to PHB managing director and chief executive officer Datuk Kamalul Arifin Othman, since AHB was launched last November, more than 95% of the RM1bil fund has been subscribed.

“We need to expand the fund size to promote bumiputra ownership of prime commercial real estate and enhance opportunities for their ownership in high value and strategically located prime commercial properties in major cities,” Kamalul told StarBiz yesterday.

AHB is a fixed-price syariah-compliant real estate backed unit trust. It was designed with a specific objective to provide opportunity for bumiputra investors to participate in the beneficial ownership of real estate assets that would give the investors regular and consistent income streams.

Kamalul said PHB would be taking an “enterprise approach” in its expansion plans as it increased its footprint in the prime commercial real estate sector.

“Moving forward, we are looking to buy more completed and income-yielding assets, expand our landbank and venture into more property development projects,” he added.

To comply with its fund size expansion plan, he said PHB would need to source for new assets to be injected into AHB.

This year, another three to four assets are expected to be added.

Kamalul said the asset procurement through acquisition of completed assets and property development would ensure continuous asset accumulation for PHB.

“The completed assets facilitate immediate injection into AHB, while property development ensures future supply of good assets. This will ensure the fund will be able to meet its commitment to provide investors good and consistent income streams,” he said.

Currently, AHB's property portfolio comprises five assets three office towers, a hypermarket and a warehouse worth a total of over RM1bil.

These properties CP Tower, Wisma Consplant, and 26 Boulevard in Putrajaya; Tesco Setia Alam and a logistic warehouse in Shah Alam provide an average gross annual rental income of RM100mil. All the assets are located in the Klang Valley.

Kamalul said the plan was for PHB to have a market presence in every state throughout the country within the next three years.

“We are open to all good potential markets and income-yielding commercial property that have good tenants occupying the space,” he added.

The company is involved in a joint venture with Malaysian Resources Corp Bhd to undertake the Penang Sentral integrated transportation hub and a retail complex for the Northern Corridor Economic Region. The RM230mil project is expected to be ready in 2014.

PHB also owns three parcels of land including six acres in KL Sentral which is currently being developed into an integrated commercial project comprising a seven-storey green lifestyle retail mall named Nu Sentral and a 27-storey office tower.

The gross development value is estimated at RM1.4bil and it is scheduled to come onstream next year.

PHB also owns a 20-acre site in Bangsar and five acres in Jalan Ampang, Kuala Lumpur. Both parcels are designated for integrated high-end mixed commercial and residential developments that are expected to take off by next year.

“Through our profit-driven initiatives, we aim to achieve competitive returns for our investors,” Kamalul said.

The fund will pay out income distribution twice a year, in April and October. The first will be made in April.

source

Bernama
Monday, November 29th, 2010 19:23:00

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), a subsidiary of Yayasan Amanah Hartanah Bumiputera, today launched a RM1 billion investment fund to help Bumiputera entrepreneurs own properties.

The "Amanah Hartanah Bumiputera" launched by Prime Minister Datuk Seri NajibTun Razak is open to Bumiputera entrepreneurs with an initial investment of only RM500.

"Under the Syariah-compliant investment scheme, Bumiputeras will indirectly have an opportunity to own equities in major properties. The unit trust will be sold at RM1 a unit," said PHB managing director and chief executive officer Kamalul Arifin Othman at the launch of the scheme.

He said PHB was collaborating with Maybank to facilitate smooth transaction of the scheme.

"Bumiputera entrepreneurs who are keen to participate in the scheme can go to the 400-odd Maybank branches nationwide to buy the AHB units," he said.

On AHB returns, Kamalul Arifin assured investors that the returns would not be less than six per cent per annum based on the property sector's performance at the Golden Triange area.

He said the PHB would continue to identify business opportunities through acquisition of premier assets and developing properties particularly in thecommercial property development sector.

"We are also looking to grow the fund size by another RM500 million by next year," he added.

Established in May 2006, PHB is an investment holding company, which currently owns properties worth in excess of RM1 billion in and around the Klang Valley.

source HERE

Amanah Hartanah Bumiputera (AHB)

A fund that seeks to provide Unit Holders with a regular and consistent income stream whilst preserving the Unit Holders’ investment capital

Fund type / Category:
Income

Min initial investment:
500 units

What is Amanah Hartanah Bumiputera?

• A Shariah Compliant Unit Trust
• An opportunity to benefit from rental income of prime commercial properties.

Investment Objective

The Fund seeks to provide Unit Holders with a regular and consistent income stream whilst preserving the Unit Holders' investment capital

Investment Strategy

The Fund will seek to achieve its investment objective by investing primarily in the beneficial ownership of real estate in Malaysia from the Sponsor in particular commercial properties including but not limited to office buildings, shopping complexes, commercial centres, logistics and industrial complexes. The Fund will also invest in Shariah-compliant money market instruments and equivalent instruments and hold cash to meet its liquidity requirements

Fund Manager

Mayban Investment Management Sdn. Bhd.

Potential Investors

• Investors who seek capital preservation
• Investors with low risk tolerance
• Investors who wish to benefit from prime commercial property, via rental income.

Eligibility

• Malaysian Bumiputera:
  • Akaun Dewasa (18 years and above)
  • Akaun Remaja (18 years and above as legal guardian for minors age three (3) months and above but below 18 years. Both legal guardian and minor must be Malaysian Bumiputera)
• Bumiputera institution¹
  ¹Any Bumiputera institution's investment in the Fund is only by invitation from the Manager and the Sponsor

Minimum Initial Investment

500 Units

Maximum Investment

Limited to 200,000 Units per Unit Holder

Minimum Additional Investment

100 Units

Minimum Balance of Units

500 Units

Minimum Redemption

500 Units

Frequency of withdrawal

Once in a calendar month

Note:

The above details applicable to Individual Unit Holders only

source HERE