Frasers Commercial Trust (FCOT) (SGX: N28U) is an office REIT that owns six properties located in Singapore and Australia. As of 30 September 2017, its portfolio was valued at S$2.1 billion.

In Dec 2017, FCOT entered a 50:50 joint venture with its sponsor, Frasers Centrepoint Limited (FCL) to purchase Farnborough Business Park for £174.6 million (approximately S$314.8 million). The property is a 46.5-hectare freehold business park comprising 14 commercial buildings with a total net lettable area of 555,000 square feet located west of London, UK. The acquisition is expected to be completed January 2018.

Since its IPO, FCOT had an investment mandate to invest in Asia Pacific. I attended FCOT’s AGM to understand its entry into Europe and to evaluate its performance over the past financial year.

Here are 10 things I learned from the 2018 Frasers Commercial Trust AGM.

1. Gross revenue remained flat at …