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Frasers Commercial Trust lifted to 52-week peak amid renewed optimism on the back of Google lease

Uma Devi
Uma Devi • 3 min read
Frasers Commercial Trust lifted to 52-week peak amid renewed optimism on the back of Google lease
SINGAPORE (July 3): Frasers Commercial Trust (FCOT) is poised for a turnaround, thanks to tech giant Google.
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SINGAPORE (July 3): Frasers Commercial Trust (FCOT) is poised for a turnaround, thanks to tech giant Google.

FCOT in late June announced it had inked a lease agreement with Google Asia Pacific, which will occupy some 344,100 sf of space at the newly-revamped Alexandra Technopark (ATP), for a term of five years starting in the first quarter of 2020.

Accounting for one-third of the current total net lettable area of the property, the lease will help push ATP’s committed occupancy up to 93.7%, compared to 59.2% at end-March.

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