$92m upgrade of Six Battery Road on track to complete end 2013
Committed occupancy rate as at 1Q2013 is 93.2%.
That's a meager growth from 4Q2012's 93% occupancy rate.
According to CIMB's analyst Tan Siew Ling, 20% of the 171,000 square feet of space targeted for upgrading of CapitaCommercial Trust's Six Battery Road in 2013 was completed in 1Q.
86% of the space targeted for upgrading meanwhile is currently committed, including existing leases.
krisana@charltonmediamail.com