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COMMERCIAL PROPERTY | Krisana Gallezo-Estaura, Singapore
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$92m upgrade of Six Battery Road on track to complete end 2013

Committed occupancy rate as at 1Q2013 is 93.2%.

 

 

That's a meager growth from 4Q2012's 93% occupancy rate.

According to CIMB's analyst Tan Siew Ling, 20% of the 171,000 square feet of space targeted for upgrading of CapitaCommercial Trust's Six Battery Road in 2013 was completed in 1Q.

86% of the space targeted for upgrading meanwhile is currently committed, including existing leases.

 

krisana@charltonmediamail.com

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