Frasers Centrepoint

Frasers Centrepoint confirms Reit listing with Australian assets

FRASERS Centrepoint Limited (FCL) said on Monday that it is "reviewing and exploring the proposal for the establishment of a new real estate investment trust (Reit) to be listed on the main board of Singapore Exchange (SGX)" in response to an article by The Business Times on Monday. It added: "The company wishes to update that the relevant applications have been made to the various regulatory...

Frasers Centrepoint unit’s Park Gallery in Australia sold out

PARK Gallery, a townhouse development located at Cova on Australia's Hope Island, is sold out, Frasers Property announced on Wednesday. Since launching in November, Frasers Property Australia, the Australian division of Frasers Centrepoint Limited, has achieved more than A$28 million (S$28.9 million) from the sales of 60 townhouses at Park Gallery. The 60 "architecturally designed" Park Gallery...

Frasers Centrepoint to build 16-storey hotel at China Square Central site

Property developer Frasers Centrepoint (FCL) will build a 16-storey hotel at China Square Central following an agreement that will see the developer pay Frasers Commercial Trust (FCOT) around S$44.8 million, FCOT announced on Monday (Apr 27). The hotel, with a gross floor area of 16,000 square metres and located near Cross Street, will be operated by Frasers Hospitality under the "Capri by Fraser"...

Frasers Centrepoint secures 98.39% interest in Australand

Singapore-based real estate giant Frasers Centrepoint (FCL) has secured a 98.39 per cent interest in Australand at the close of its takeover offer of the Australian property group on Friday (Sep 5). FCL offered A$4.48 (S$ 5.25) for each Australand stapled security. The offer, which values Australand at around A$2.6 billion (S$3 billion), closed on Thursday (Sept 4). Under Australian law, FCL can...

Frasers Centrepoint net profit down 60% on-year in Q3

Property giant Frasers Centrepoint (FCL) on Monday (Aug 11) reported a 60 per cent drop in fiscal third quarter net profit on-year due to a lack of fair value gains. FCL, which was spun off from Fraser & Neave earlier this year, earned S$109 million in the three months ended June, down from S$271 million in the same period a year ago. This was despite a 41 per cent rise in revenue to S$575...

Frasers Centrepoint gets green light to buy Australand

Singapore property giant Frasers Centrepoint Ltd (FCL) has got clearance from the Foreign Investment Review Board of Australia (FIRB) to go ahead with plans to buy Australand Property Group in a deal worth around A$2.6 billion. In a statement to the Singapore Exchange on Wednesday, FCL said it has received a "statement of no objections" from FIRB in relation to its proposed acquisition of up to 100...

Frasers Centrepoint’s A$2.6b offer to buy Australand accepted

Frasers Centrepoint Ltd's (FCL) bid to buy Australand Property Group in a deal worth around A$2.6 billion has been accepted by directors of the Australian company, the Singapore real estate giant said in a filing on the Australian stock exchange. FCL's offer of A$4.48 per Australand security was unanimously accepted by the Australian company's board in the absence of a superior proposal. An independent...

Frasers Centrepoint makes S$3b bid for Australian developer

Property developer Frasers Centrepoint said on Wednesday (June 4) that it has submitted a A$2.6 billion (S$3.03 billion) takeover bid for Australia's Australand Property Group. Frasers Centrepoint has proposed a cash offer of A$4.48 per share, topping a A$4.43 offer made by Australand stakeholder Stockland Corp, Australia’s second-largest property group. Australand’s board intends to recommend...

URA awards tender for Flora Drive site to Frasers Centrepoint

The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Flora Drive to Frasers Centrepoint. The developer submitted the highest bid of nearly S$131.4 million, which translates to about S$3,499 per square metre. Potentially yielding an estimated 380 housing units, the land parcel is located in a Pasir Ris residential estate. The plot has a site area of about 26,800 square...

CapitaCommercial Trust sells StarHub Centre to Frasers Centrepoint

CapitaCommercial Trust (CCT) is selling the StarHub Centre to Frasers Centrepoint for S$380 million in cash. StarHub Centre is a 10-storey non-Grade A office building with retail space next to FCL's Centrepoint mall. It currently has a committed occupancy of 68.2 per cent and some 280,000 square feet of lettable space. The current lease for the site expires in January 2095. CCT disclosed that it has...

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