Amanah Harta Tanah PNB or AHP, is a Real Estate Investment Trust (REIT), constituted under a Deed dated 20 March 1989 (as amended), between the Manager, Pelaburan Hartanah Nasional Berhad, the Trustee, AmanahRaya Trustees Berhad and the several persons who acquire units in the Trust.
AHP was launched on 21 March 1989 and was listed on Bursa Malaysia Securities Berhad on 28 December 1990. The principal activity of AHP is investment in real estate and other authorised investments with the objectives of achieving steady returns and for long term capital growth.
AHP will continue its operations until it is terminated in accordance with the provisions of Clause 23 of the Deed.
The main investment objective of AHP is to provide reasonable level of income return to unit holders and allow them to gain from capital growth through the acquisition of a selected portfolio of real estate investments which have potential for long term capital growth.
The investment policy of AHP is directed towards the expansion of the Trust to be carried out through continuous search of quality real estate which give reasonable yield and capital appreciation.
As defined in the Deed, the Manager, Pelaburan Hartanah Nasional Berhad is entitled to a management fee not exceeding 2% per annum of the net asset value of the Trust on each day of the accrual period. The Manager is also entitled to acquisition and disposal fees of 1% and 0.5% of the acquisition price or the disposal price, respectively, of any investment property acquired or disposed directly or indirectly by the Trust which is payable after the completion of the acquisition or the disposal.
The Trustee, AmanahRaya Trustees Berhad, is entitled to a fee not exceeding 0.1% per annum of the net asset value of the Trust on each day of the accrual period, as defined in the Deed.
AHP is governed by the following laws and regulations (which include but are not limited to):