Sr. Fakru Radzi Ab Ghani
Chief Executive Officer
A seasoned real estate man graduated from Liverpool John Moores University, UK and a member of a Royal Institute of Surveyor Malaysia (RISM), Surveyor Fakru Radzi has a solid over 20 years of experience in the real estate industry in various organizations. He has completed transactions worth more than RM 4 Billion over the years. A product of MARA Science College (MRSM), he made tremendous breakthrough during his 9 years of consulting most years with Colliers. He is currently a member of the National Council of FIABCI (Malaysia Chapter) and held the position for 2 terms. His passion for the game of tennis has put him as a Vice President in Selangor Tennis Association.
After 5 years in Amanah Raya as Head of Investment and successfully completed 2 tranches for Amanrah Raya REIT, he was headhunted to join CIMB Investment Banking’s pioneer Real Estate sector specialist team. After that, he was invited by Selangor State Development Corporation (PKNS) to establish the Asset Management Department responsible for all strategic planning of management and investment in real estate under PKNS Group. The department now has become a commercial entity called PREC (PKNS Real Estate Sdn Bhd). He is the first appointed CEO of the company.
Currently, PREC has an investment portfolio close to a total of RM800 million and with just less than 3 years he has made a major turnaround to the PKNS assets by increasing the yield from less than 3% to now over 7%. Under his stewardship, commercial assets of PKNS has transformed to become more vibrant and lifestyle-relevant through value creation exercises. He has managed this portfolio for almost 9 years and successfully showing growth of about 11%.
For spearheading PREC and overseeing its growth to performance, he was awarded “The Most Promising CEO of PKNS Subsidiary” in 2014. On the same year PREC was awarded “3rd Best Managed PKNS Subsidiary” after only 2 years in operation and being the youngest subsidiary in PKNS. In 2018, PREC was awarded the best managed company among all the companies under PKNS group. Other recognitions received are from DPMNS and American Leadership Development Associations (ALDA). The latest recognition for PREC under his headship was from The Edge Property.com for Malaysia Best Managed Property Awards on one of PREC assets, Menara PKNS PJ.
He continues the inspiration to promote talents among the youth and Bumiputera entrepreneurship by organizing various events, projects and campaigns. The continuous efforts in social responsibility by PREC has been recognized as an award of ‘Excellence in Community & Entrepreneur Advancement’ by Asia Pacific CSR Council.
He has also been speaking in roadshows, conferences and property summit organized by Malaysian REIT Managers Association, PEPS, ASLI and FIABCI. In years to come the portfolio of PREC to grow to RM2 billion from active investment by the company. He will always put PREC on top priority in order to achieve REIT by 2023.