Conglomerate Fraser and Neave says its Frasers Hospitality unit has established a significant presence in Malaysia, with the grand opening of its maiden property, Fraser Place Kuala Lumpur yesterday. The project is the first of two serviced residences to open in the heart of the city. Fraser Place Kuala Lumpur is located in the prestigious 'Golden Triangle' and within walking distance of the iconic...
Frasers Centrepoint
Mainboard-listed conglomerate Fraser and Neave says one of its units has bought a piece of land in Sydney for S$97.8 million. The wholly-owned subsidiary, Frasers Centrepoint, acquired a 13.7 hectare site from the Royal Rehabilitation Centre Sydney. Besides building a 2.3-hectare open space for community use, the approved Concept Plan for the site allows for the development of homes. Almost 800...
Singapore Exchange's Mainboard-listed Frasers Commercial Trust has asked for a trading halt of its units pending an announcement. No further details were given. Back in April, Frasers Commercial Trust had said it was exploring ways to refinance its existing debt, which may include a rights issue. Frasers Centrepoint, which sponsored the trust, is a unit of the Fraser & Neave (F&N) group. F&N...
Developer Frasers Centrepoint said Tuesday 91 per cent of its 8@Woodleigh residential project has been sold following a weekend preview. The mass market development comprises 330 units, out of which 302 have been snapped up during the past four days. Frasers said it will now release the remaining units for sale and there will be no public launch. The 99-year leasehold property comprises a mix of two to...
High-end private homes have seen renewed interest among buyers recently and the trend looks set to continue. Developer Frasers Centrepoint said 15 out of 40 units launched on Friday at its Martin Place Residences have been sold. Frasers said it has lowered prices by about 20 per cent to between S$1,350 and S$1,600 per square foot. It said the homes sold were a mix of studios, two- to four-room units and...
Eighty per cent of the high-end Martin Place Residences condominums launched were sold over the weekend. A third of the 302 units available have been launched. The freehold Martin Place Residences is just a few minutes from the heart of Singapore's prime Orchard Road shopping belt. Developer Frasers Centrepoint said the units were transacted at between S$1,260 and S$1,700 per square foot. Six in 10...
IT LOOKS like being a business for all seasons. The global economic and financial turmoil has yet to have a major impact on Frasers Hospitality, the serviced apartments arm of Frasers Centrepoint, itself the property division of mainboard listed Fraser & Neave. The firm is certainly playing in the big league; its newest property in China - Fraser Suites Top Glory in Pudong - was formally opened...
Frasers Centrepoint has completed its acquisition of an 18-per-cent stake in Allco Reit and all of Allco Singapore, which manages the property trust. Allco Reit will now be renamed Frasers Commercial Trust following the $180-million deal. Frasers Centrepoint has now dropped plans to list its own separate commercial property trust. Instead, it will offer its current portfolio of commercial assets, worth...
Frasers Centrepoint, a unit of Fraser and Neave, says it's buying 18 percent of Allco REIT and all of Allco Singapore, which manages the trust. The deal is valued at S$180 million. Frasers Centrepoint will rename Allco REIT to Frasers Commercial Trust when the transaction is completed. Under the deal, Frasers Centrepoint will buy about 126 million shares in Allco REIT for 83 Singapore cents a share, a...