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.
The retail segment will have the advantage of the latest offerings from the newly opened stores under the anchor-to-specialty reconfiguration exercise but will remain cautious in light of the prevailing challenging environment, on potential changes in consumer behaviour and sentiments during the period.
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