Hewlett-Packard Enterprise Singapore to vacate space at Alexandra Technopark

By Tan Chee Yuen / EdgeProp | September 25, 2017 3:30 PM SGT
On Sep 22, the manager of Frasers Commercial Trust (FCOT) announced that Hewlett-Packard Enterprise Singapore (HPE) will vacate an aggregate of 178,843 sq ft of space at Alexandra Technopark (ATP) upon the expiration of relevant leases on September 30 and November 30.
Currently, HPE occupies 191,846 sq ft of space at ATP. The space to be vacated by HPE comprises about 17.1% of the total net lettable area of ATP and 6.6% of FCOT’s total gross rental income for the month ended June 30, 2017.
The manager has already secured commitment by a tenant for around 24,000 sq ft (13.4%) of the space that will be vacated by HPE.
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It is still in discussion with another tenant, Hewlett-Packard Singapore, which occupies approximately 304,920 sq ft of space at ATP under leases expiring on November 30 and constituting approximately 11.1% of FCOT’s total gross rental income for the month ended June 30, 2017, with regard to their plans for the space.