Friday, 12 March 2010. 1:50 AM SST -- (5:50 PM GMT)  
Frasers Commercial Trust
Alexandra Technopark, Singapore
Frasers Commercial Trust
Alexandra Technopark Print this page Print this page

Alexandra Technopark is a high-tech business space development comprising an eight-storey building and a nine-storey building with 905 covered and surface car park lots and excellent building specifications. The air-conditioned buildings have large floor plates of up to 76,000 sq ft, high ceilings and high floor loadings. Situated along Alexandra Road, Alexandra Technopark is strategically located in the fringe area of the Central Region1 of Singapore and in close proximity to amenities, public transportation and major expressways. It is also well-serviced by public buses linking it to the Queenstown MRT station and the HarbourFront MRT station.

FCOT acquired a 100.0% direct interest in Alexandra Technopark from Orrick Investments Pte Ltd ("Orrick") for S$342.5 million on 26 August 2009.

At the time of the acquisition, the Trustee entered into a Master Lease with Orrick under which Orrick is to pay an annual rent of S$22.0 million to FCOT for the five year term of the Master Lease which provides certainty in respect of the rental income from Alexandra Technopark.

Key Property Statistics
Address

438A and 438B Alexandra Road, Singapore 119967/8

Tenure

Leasehold 99 years commencing August 2009

Net Lettable Area (NLA)

1,048,607 sq ft (97,417 sqm)

Car Spaces

905

Date Completed

Constructed in 1998 and 1999.

Occupancy Rate

100.0%

WALE by income

5.0 years

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