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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

Waterway Point, a large suburban mall in Punggol, has a net lettable area (NLA) of 371,200 sq ft. As at March 31, it had a committed occupancy of 98.1 per cent.


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...

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