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 will continue its operations until it is terminated in accordance with the provisions of Clause 23 of the Deed.
To provide reasonable and sustainable income and capital growth through selective acquisition. AHP will acquire and invest in commercial real estates including but not limited to office, retail malls, hypermarkets, warehouses, logistic assets, education complexes and other suitable properties.
The principal investment strategy and policy of AHP is to invest in a diversified portfolio of income producing real estates that are able to provide competitive and consistent returns with growth potential in rental yield and capital value.
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):
