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Frasers Commercial Trust Q1 DPU stable at 2.51 cents

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At China Square Central, the development of a 16-storey hotel and renovations in the commercial component are in progress. The loss of income in the fiscal first quarter stemmed from certain affected retail and shophouse units, which will be supplemented by a capital distribution of S$900,000 of proceeds from selling the hotel development rights.

Singapore

FRASERS Commercial Trust (FCOT) posted stable distribution per unit (DPU) of 2.51 cents for the fiscal first quarter ended Dec 31, 2016, and announced a S$45 million makeover for Alexandra Technopark that will commence in mid-2017.

Its fiscal Q1 DPU was unchanged from a

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