Valley Point could be the hidden gem in Frasers Property’s S$2.1 billion hospitality ‘asset-light’ proposal
Strategically, the move gives the group the master key to the entire Valley Point site
Add BT as a preferred source
[SINGAPORE] Real estate giant Frasers Property’s strategic review, which has dragged on for well over two years, has finally culminated in a S$2.1 billion game of asset musical chairs.
Controlled by the family of Thai billionaire Charoen Sirivadhanabhakdi, the Singapore-listed property developer on Thursday (Jun 25) unveiled a “portfolio optimisation” plan that builds on its 2025 privatisation of Frasers Hospitality Trust (FHT).
Broadly, the optimisation will see FHT’s assets separated into four groups.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
OUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
