CapitaLand Commercial Trust addresses concerns on Six Battery Road income disruption

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In the wake of news that CapitaLand Commercial Trust (CCT) has secured WeWork as a tenant at its soon-to-be-vacated Collyer Quay property, concerns have now been raised over the potential disruption of income at Six Battery Road.

These concerns were raised at its 2Q 2019 results briefing held by the REIT on 17 July, where it also announced plans to acquire Main Airport Centre in Frankfurt, Germany.

Related: CapitaLand Commercial Trust sheds light on future acquisition plans

The REIT also revealed at the same forum that it would be renovating Six Battery Road for SGD35 million upon the expiry of Standard Chartered Bank’s lease in 2020.

The end of its upgrades may not coincide with new income contribution from CapitaSpring, which is only expected to come in from 2022 onwards.

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