Frasers Centrepoint Singapore secures lease commitments of over 70% for Frasers Tower

FRASERS Centrepoint Singapore has secured lease commitments of over 70 per cent for Frasers Tower in the Central Business District.

The developer announced on Monday it has confirmed two anchor tenants - Microsoft Singapore and French integrated oil and gas company Total Oil - which will occupy a combined space of 232,200 sq ft in the upcoming 38-storey office building.

Other tenants include names in the financial, business and consumer goods sectors, such as Sumitomo Corporation, Arup, Fonterra, Pacific Life and serviced office provider The Executive Centre.

Frasers Tower, which has a total net lettable area of about 663,000 sq ft, comprises a 38-storey Premium Grade-A office tower and an adjacent three-storey cascading retail podium with a roof garden.

Close to 50 per cent of the building's retail podium has also been leased, said Frasers Centrepoint, which held a "topping-out" ceremony for the building on Monday. This means that the top of the building has been put on.

With growing demand for diversified office space that serves the dynamic and ever-changing needs of corporations in a major business hub like Singapore, Frasers Tower is set to evolve into "a distinctive commercial landmark" in the CBD and the upcoming Greater Southern Waterfront area, Frasers said in its statement.