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Frasers Centrepoint in A$464m sale, leaseback of Sydney hotel

Frasers Hospitality Reit's sub-trust to be given 75-year leasehold interest in Sofitel Sydney Wentworth

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The title to the Sofitel Sydney Wentworth will revert back to the Frasers Centrepoint group, upon the expiry of Frasers Hospitality Reit's leasehold interest.

Singapore

MAINBOARD-LISTED Frasers Centrepoint Limited (FCL) has announced its proposed A$464 million (S$488 million) sale-and-leaseback arrangement of Sofitel Sydney Wentworth, the iconic heritage-listed hotel in Sydney, Australia.

Frasers Sydney Wentworth Trust, an indirect