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FCL's Aussie unit a potential asset pipeline for Singapore Reit

But acquisitions likely to happen only in the medium to long term

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Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Nov 9, 2015 · 09:50 PM

    Singapore

    THE recently minted retail business unit of the Australian arm of Frasers Centrepoint Limited (FCL) could potentially provide a pipeline of assets for acquisition by the group's Singapore-listed shopping centre Reit.

    It makes sense for Frasers Centrepoint Trust (FCT) - which is running out of malls to buy in Singapore - to acquire malls from Frasers Property Australia (FPA), suggested FCL's CEO, Lim Ee Seng, at a post-results briefing on Monday. However, this is likely to happen only in the medium to long term as it will take time for FPA to build up a portfolio of retail assets.

    Singapore propertyfrasers centrepoint trust

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