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FCT to buy 17.1% stake in PGIM Real Estate Fund for S$342.5m

FCT's manager intends to finance the acquisition with a combination of debt and equity financing

Singapore

FRASERS Centrepoint Trust (FCT) has entered into agreements to acquire a 17.1 per cent stake in PGIM Real Estate Asia Retail Fund Ltd for about S$342.5 million, subject to determination of the dividend amount payable in respect of the sale shares for the fourth quarter of 2018...

sentifi.com

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