Hektar REIT supports tenants


“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, ” Executive director and chief executive officer Datuk Hisham Othman (file pic) said

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

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Kenanga upgrades consumer sector to 'overweight'
Positive reversal on the cards for telcos
Ringgit opens flat on expectation of more US rate hikes
Rally takes off following Wall Street rebound
Trading ideas: HCK Capital, Scomi Energy, EP Manufacturing and TSR Capital
Advocating for a sustainable tomorrow
Eye on sustainable exports
Steady progress along ESG journey
Private business and succession planning – why it is important
PNB to add infrastructure assets in portfolio

Others Also Read