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No injection of PGIM malls for now: Frasers Property

Frasers Property and Frasers Centrepoint Trust now own nearly three quarters of PGIM Real Estate Asia Retail Fund but remains tight-lipped on its plans

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Benett Theseira, managing director and head of Asia-Pacific at PGIM Real Estate, says the fund will continue to focus on its suburban mall investment strategy, following its sale of Liang Court for S$400m earlier this year.

Singapore

ANALYSTS' hope of a quick injection of five suburban malls - Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1 - into Frasers Centrepoint Trust (FCT), after the Reit and its sponsor, Frasers Property, spent more than S$1.3 billion to chalk up a three-...

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