Shares & Derivatives
Frasers Commercial Trust – On its way up
By The Unnecessary Job  •  January 24, 2019
There is talk  on the street that Google is interested to lease the vacant space at Alexandra Technopark. One may recall that the occupancy rates of Alexandra Technopark was left in tatters after HP terminated its lease and moved out. The space has since undergone AEI and should Google decide to lease space, the occupancy of the asset will become close to 100% (from its current 68.6%). I bought a bit FCOT a few months back, hoping for something like this to happen. While this is all speculative at this stage, one can be forgiven for being cautiously optimistic that the occupancy of the Technopark won't stay low for an extended period. Coupled with an comparatively low gearing of 28.3%, which is way below the regulatory ceiling of 45%, there is also more than fair chance that some form of acquisition (in UK?) may happen in 2019. All in all, FCOT seems to be...
Read the full article
By The Unnecessary Job
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance