COMMERCIAL PROPERTY | Krisana Gallezo-Estaura, Singapore

Alexandra Technopark 98.4% occupied

Underlying pass gross rents is $0.77 higher.

According to CIMB, Alexandra Technopark is currently 98.4% occupied with major tenants HP, Microsoft, Nokia, Sybase, Great Eastern and Dyson.

Some of its new leases  include St. Jude Medical, Servicom Medical and D &M Electronics.

Frasers Commercial Trust's Alexandra Technopark masterlease is expiring on Aug 14 where the underlying passing gross rent of S$3.27psf is higher than the estimated gross rent of S$2.50 psf paid under the master lease.

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