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FCL unveils details of new trust

Hospitality trust will have an initial portfolio of six serviced residences and six hotels

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Published Mon, May 12, 2014 · 10:00 PM

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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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