Frasers Centrepoint Asset Management (Commercial), the manager of Frasers Commercial Trust (FCOT), is seeking unitholder's approval for the proposed sale of KeyPoint, its property at Beach Road, to Bayfront Ventures for S$360 million. It is also seeking a mandate to buy back units of FCOT in the future without prior approval of unitholders. Mr Low Chee Wah, chief executive officer of FCOT, said: "The...
KeyPoint
The Urban Redevelopment Authority (URA) has granted Frasers Commercial Trust (FCOT) an Outline Planning Permission (OPP) for the redevelopment of KeyPoint building, located at 371 Beach Road, into a commercial and residential development. The OPP was granted subject to key terms and conditions, such as the re-zoning of the lot on which the property is situated from commercial to mixed commercial and...