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FCT to acquire Changi City Point
Published Tue, Apr 8, 2014 · 10:00 PM
MAINBOARD-LISTED Frasers Centrepoint Trust (FCT) has entered into a conditional sale-and-purchase agreement to acquire Changi City Point mall for a purchase consideration of $305 million.
The announcement came yesterday from Frasers Centrepoint Asset Management (FCAM), the manager of the trust.
The acquisition was negotiated on an arm's-length basis between FCAM, on behalf of the trustee of FCT, and the vendor, Ascendas Frasers.
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