WCT expects 70:30 JV with MAHB@klia2 to rake in revenue of RM70m-80m annually

WCT Holdings expects its 70:30 JV with MAHB Gateway@KLIA2, to rake in a revenue of RM70m-80m p.a. Director Kenny Wong Yik Kae said the take-up rate for the retail space stands at 80%. It targets to reach 85% to 90% as there is a stream of inquiries from potential tenants. He said operating profits from the integrated complex is estimated to range from RM15-20m. "We expect to see some losses in the first three years due to depreciation, but subsequently, the project will contribute positively to the group's top and bottom-lines," he said. He added that its rights as a concessionaire were well preserved should any further delay occur. (StarBiz)