Frasers Centrepoint Trust to enter Australian market wombat-style

Singapore

FRASERS Centrepoint Trust (FCT) is planning to leverage its sponsor's presence in Australia to expand the geographical coverage of its thus-far largely-domestic portfolio.

At a panel at Thursday's Bank of Singapore Investor Forum, the CEO of the retail Reit Chew Tuan Chiong likened his strategy to how farmers Down Under allow wombats to stay on their land, while keeping out pests such as rabbits and kangaroos.