Outlook on Frasers Commercial Trust improves after bagging Google as tenant

0

Analysts have upgraded their respective outlooks on Frasers Commercial Trust (FCOT), after the REIT announced on 25 June that it has secured Google as a tenant at Alexandra Technopark.

This tenancy bumps up the building’s committed occupancy to 93.7% from 59.2% previously.

Google will be taking up about 344,000 square feet of space at the property for five years, which represents about a third of Alexandra Technopark’s lettable area.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities

Share.

Comments are closed.