KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) has introduced a tenant support programme across shopping centres under its portfolio as a relief measure for tenants affected by the movement control order (MCO) to curb Covid-19.
Executive director and chief executive officer Datuk Hisham Othman said the programme would be able to help the majority of the 600 tenants in six shopping centres – Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade and Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah; and Segamat Central in Segamat, Johor.
“Hektar’s tenant support programme will help to ease cash flow challenges that tenants may be facing due to the sudden drop in revenue during the MCO, ” he said.
The measures also included rental rebates, Hisham said during a virtual media briefing after the company’s AGM here yesterday. – Bernama