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Proposal for Frasers Property to take hospitality trust private may raise expectations for sponsors

Ben Paul

Ben Paul

Published Wed, Jun 15, 2022 · 05:50 AM
    • The proposal to take FHT private might come to be viewed as a playbook of sorts for how sponsor groups should reposition a failing Reit.
    • The proposal to take FHT private might come to be viewed as a playbook of sorts for how sponsor groups should reposition a failing Reit. PHOTO: FRASERS HOSPITALITY

    SOME investors will almost certainly gripe about not being offered a high enough price. And, there could be some hand-wringing about the local market losing good listings because of pitifully low valuations.

    Yet, the proposed privatisation of Frasers Hospitality Trust (FHT) by its sponsor group is a positive development for holders of its stapled securities as well as Singapore’s real estate investment trust (Reit) sector.

    On Jun 13, Frasers Property (FPL) said it plans to take FHT private at S$0.70 per stapled security.

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    frasers propertyfrasers hospitality trustM&AS-ReitsHock Lock Siew

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