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Analysts bullish on FCT as it ups stake in PGIM Real Estate AsiaRetail Fund
They believe FCT's purchase of 12.07% more in ARF will bring it closer to acquiring the assets held under the fund
Published Wed, Jul 1, 2020 · 09:50 PM
Singapore
ANALYSTS are optimistic on Frasers Centrepoint Trust (FCT), believing that the suburban retail Reit's acquisition of an additional 12.07 per cent in PGIM Real Estate AsiaRetail Fund (ARF) will bring it closer to acquiring the assets held under the fund.
These include Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1 in Singapore, as well as Setapak Central in in Kuala Lumpur, Malaysia.
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