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FCL unveils details of new trust
Hospitality trust will have an initial portfolio of six serviced residences and six hotels
Add BT as a preferred sourcePublished Mon, May 12, 2014 · 10:00 PM
Singapore
THE hospitality trust to be listed by Frasers Centrepoint Limited (FCL) will have an initial portfolio of six serviced residences and six hotels spanning key cities in Australia, the UK, Japan and Malaysia as well as Singapore.
FCL is expected to raise gross proceeds of at least $651.7 million from the sale of six serviced residences to the new Frasers Hospitality Trust (FHT), which is slated to list in June.
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