The success of our business is inextricably linked to the prosperity of local communities and our tenants.
Obligations to tenant
The success of our business is inextricably linked to the prosperity of local communities and our tenants. Tenants are the core of Hektar REIT’s business. Our business is rather reliant on our tenants to successfully operate their businesses and underperformance on their part would adversely affect our ability to profitably operate our business. We depend on our tenants’ capability to carry out their businesses in a manner that will generate income which will allow them to meet their obligations to us, including paying rent, maintain adequate insurance coverage, as well as maintain their premises. We aim to create environments that inspire success to increase value for our tenants.
We seek to improve the tenant’s businesses by carrying out on-going programs including asset enhancement initiatives to ensure that our retail properties are well maintained and comfortable for our visitors. We also invest extensively in the repair and maintenance of the common areas, facilities and car park areas across our portfolio. These investments are done with a view to enhance the shopping environment and provide a sustainable operating platform for the tenants’ businesses. Hektar also enhances tenants’ competitiveness by providing the latest industry insights and business suggestions to our tenants, besides encouraging tenants to upgrade their store outlook.