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
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Car-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
