Starhill Global REIT's Wisma Atria (Photo: REITsWeek)Starhill Global REIT's Wisma Atria (Photo: REITsWeek)

The manager of Starhill Global REIT has reduced the pay of its board of directors, and senior management amid difficulties that stem from the ongoing COVID-19 outbreak.

These difficult operating conditions include a movement control order in Malaysia, a “circuit breaker” measure in Singapore, and lower footfall traffic into its properties in China and Australia.

These measures are expected to significantly affect the REIT’s revenue figures in the coming quarters.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.