Wednesday 11 May 2016

KLCCP Stapled Group rental income resilient

KLCC Property Holdings Bhd (KLCCP) Stapled Group has not been impacted by any cut in office space requirements by its main tenant, PETRONAS. KLCCP consists of KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC Reit). The group derives its revenue mainly from office segment that contributes 44% of its revenue. The group will see an addition of 45,000 sf of office space in Menara Dayabumi this year that is expected to boost its revenue by 1-2%. The new office will be completed by mid-year and the group has secured tenants.

(The sun, 14/04/2016)

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