FCT to buy a third of Waterway Point from Frasers Property for S$440.6m
It is launching an equity funding exercise; S$245.3m of the proceeds will partly finance the acquisition
Add BT as a preferred source
Vivienne Tay
Singapore
FRASERS Centrepoint Trust (FCT) is looking to acquire a one-third interest in Waterway Point, a large suburban mall located in Punggol, from its sponsor Frasers Property in a S$440.6 million deal.
At the same time, FCT is launching an equity fund-raising exercise; S$245.3 million of the total proceeds from that will go towards partly financing the acquisition, it announced on Thursday.
TRENDING NOW
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
How I knew I was ready to retire at 50
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
