Asia real estate and outbound investment news
The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).
FCT’s… Read More>>
Following the failed privatisation of Frasers Hospitality Trust last September, sponsor Frasers Property has made a change at the top with the appointment of Eric Gan as CEO of the Singapore-listed REIT’s managers, succeeding Eu Chin Fen.
Eu in turn… Read More>>
Frasers Property Ltd, the Singapore-listed real estate giant chaired by Thai billionaire Charoen Sirivadhanabhakdi, has appointed Charoen’s son Thapana to the company’s board and at the same time announced the retirements of five directors.
In a statement dated 12 December,… Read More>>
One of Japan’s largest developers has chosen a new top executive and news of that changeover leads this week’s roundup of personnel moves from around the region, while the manager of a Singapore REIT of mainland assets announces that its… Read More>>
The Australian arm of Frasers Property is acquiring a pair of Sydney business parks from Dexus Industria REIT for a discounted price of A$160.5 million ($106.2 million) as the Singaporean heavyweight continues to boost its global presence.
Frasers Property Australia… Read More>>
A top-level overhaul at Fosun Group’s tourism unit leads this week’s collection of personnel moves from around the region, as the struggling company works to rebuild after the pandemic punished many of its businesses and with its parent company struggling… Read More>>
A tender for a set of Singapore malls is down to two contenders, with SGX-listed Frasers Property and Hong Kong’s Link REIT battling it out for the assets belonging to Mercatus Co-operative, in what would be the city’s biggest property… Read More>>
More turnover at defaulting Chinese developers leads this week’s collection of regional personnel moves with Shanghai’s CIFI losing a business development leader. Also announcing changes were SGX-listed Frasers Property which named a pair of new directors to its board, and… Read More>>
Frasers Property’s take-private scheme for Singapore-listed Frasers Hospitality Trust came up short by the barest of margins at a Monday vote, as unitholders representing 74.88 percent of the trust’s stapled securities approved the proposal, narrowly missing the 75 percent threshold… Read More>>
Singapore developer appetites for more redevelopment projects will be tested in the coming weeks as another set of condo owners band together to market their homes, despite a number of failed tenders in recent weeks. Also in the news today,… Read More>>
