According to FLCT on Feb 22, Google Asia Pacific will vacate “a portion” of its lease at ATP on Feb 2024. The US internet giant takes up 40% of the space at ATP.
DBS Group Research is keeping its ‘buy’ call and $1.55 target price on Frasers Logistics & Commercial Trust, following news that Google, a significant tenant, is giving up space at Alexandra Technopark (ATP), part of the REIT’s portfolio.
However, DBS warns of potential trimming in its distribution per unit projections if Google gives up more space.
