Outlook on Frasers Commercial Trust improves after bagging Google as tenant


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.

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