Reitas new exco elects Keppel Reit chief to continue as president businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Frasers Centrepoint Trust (FCT) has acquired an additional 24.5 per cent effective interest in the retail mall Nex for approximately SG$523.1 million (US$390 million), as part of a share purchase agreement with HSBC Institutional Trust Services.
Frasers Centrepoint Trust (FCT) has agreed to sell a suburban shopping mall in Singapore for S$338 million ($250 million), helping the real estate investment trust deleverage amid soaring interest rates.
Asia Digest: ESR Kendall Square REIT lists in Korea; Frasers divests Anchorpoint stake
Seoul, South Korea. Photo by Emile-Victor Portenart on Unsplash. Premium
Logistics real estate firm ESR has listed ESR Kendall Square REIT on the Korea Exchange, while Frasers Centrepoint Trust is divesting its stake in Anchorpoint Shopping Centre for a consideration of $82 million.
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