Frasers Commercial Trust's China Square (Photo: REITsWeek)

As Google commences its lease at Alexandra Technopark, Frasers Commercial Trust (FCOT) has seen its leverage decreasing amid an increase in earnings.

And in light of these factors, outlook on credit ratings associated with the privately-owned trust have now been upgraded from negative to stable.

Office-focused FCOT is now wholly owned by Frasers Logistics & Commercial Trust (FLCT) following the merger in 2020.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.