PETALING JAYA: Hartanah AP Rakyat Bhd (HAPRB), a newly established real estate private equity firm led by Koperasi Amanah Pelaburan Bhd (KAPB) chairman Datuk Ilyas Mohamed and a team of real estate experts was introduced in Malaysia.
An initiative of KAPB, HAPRB aims to grow its current global investment market in the best interest of its members and the local targeted community as a whole.
According to a press release issued, HAPRB is backed by “solid and substantial funds” which allow purchasing of properties with readily accessible cash.
KAPB’s newly appointed advisor, Datuk Mustafha Abduk Razak, who is also the former president and CEO of Bank Rakyat, said this venture is expected to meet the gaps that exist between financial institutions and individuals.
HAPRB will seek out real estate investments with high-growth opportunity and substantial value creation at prime and major cities in Malaysia. It forecasts vast opportunities in view of the potential in the market, according to the press release.
