SINGAPORE (Jan 15): Frasers Centrepoint Singapore says Frasers Tower has secured lease commitments of over 70% for its 38-storey office tower, with close to 50% of its retail podium also successfully leased.

See also: Fundamentals in office and home sectors firming, says DBS
The announcement was made on Monday at Frasers Tower's topping out ceremony, following its successful inaugural launch last February.

Frasers Centrepoint Singapore is a strategic business unit of SGX-listed Frasers Centrepoint Limited.

The developer has confirmed two anchor tenants, namely Microsoft Singapore and French integrated oil and gas company – Total Oil, which will occupy a combined space of 232,200 sf. Other tenants from the financial, business and consumer goods sectors include Sumitomo Corporation, Arup, Fonterra, Pacific Life and serviced office provider The Executive Centre.

Frasers Tower has a total net lettable area (NLA) of 663,000 sf and comprises a 38-storey Premium Grade-A office tower with unique community zones — The Sky, The Terrace and The Park – and an adjacent three-storey cascading retail podium with a roof garden, The Oasis.

The Oasis will be home to a mix of food and beverage concepts including a new-to-market concept Ocha Fresh Thai and homegrown favourite, Cedele, which will present an exclusive hybrid concept with menu offerings from its existing concepts. In addition, The Park will house Numazu, a sushi & sake bar from Japan.

The 235-metre tall office building will have floor plates of between 20,000 sf. to 22,000 sf which are of regular shape and free of interior columns, to give tenants the flexibility to customise their workspaces efficiently.

Shares in Frasers Centrepoint Limited closed 1 cent higher at $2.19 on Monday.