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FCT eyes retail malls held by third parties

The retail landlord posts a 1.5% dip in Q4 DPU, but a record high full-year DPU

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A 3.2 per cent increase in revenue contribution from the Causeway Point (above), FCT's largest mall, partially offset lower contributions from Northpoint and Changi City Point.

Singapore

FRASERS Centrepoint Trust (FCT) is eyeing retail malls held by third parties even as it waits for some assets held by its sponsor to be stabilised for acquisition.

"While we are waiting for pipeline assets to be ready, we are looking at third-party assets - some big, some

sentifi.com

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