KLCCP expects office segment to remain stable

“Despite the uncertainties that lie ahead of us, the group endeavours to remain resilient and will strive to navigate the challenges to continue to deliver long-term value to our holders of Stapled Securities, ” said chief executive officer Datuk Hashim Wahir. (pic)

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) expects the performance of its office segment to remain stable, backed by the triple net lease agreements and long-term leases, despite the anticipated challenging environment this year.

In a statement, KLCCP said Covid-19 pandemic has substantially impacted the hotel industry and the group anticipated that its hotel segment would be adversely affected for the remaining quarters.