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Alexandra Technopark to undergo $45 mil AEI

By Michael Lim

/ The Edge Property |

January 23, 2017 4:00 PM SGT

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Frasers Centrepoint Asset Management will be spending $45 million to spruce up Alexandra Technopark. According to FCAM, the asset enhancement initiative will create a campus-like environment for the working community at Alexandra Technopark.

The AEI will provide Alexandra Technopark with more community-friendly spaces, a refreshed and contemporary look, and greater connectivity and integration. There are also plans to create a more enjoyable workplace environment. New amenities such as an amenity hub, futsal courts, exercise areas, barbecue pits and end-of-trip facilities for cyclists will also be introduced.

“The AEI is expected to boost the market profile, leasing appeal and long-term competitiveness of Alexandra Technopark, as well as elevate the tenant experience at the property. All these will ultimately increase the property’s contribution to [Frasers Commercial Trust] and create long-term value for the trust,” says Jack Lam, CEO of FCAM.

The AEI is scheduled to commence in mid-2017 and expected to be completed by mid-2018.

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