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Frasers Centrepoint Trust to buy rest of Northpoint for $1.17b
The Straits Times
|March 26, 2025
The manager of Frasers Centrepoint Trust (FCT) announced on March 25 it will buy the rest of Northpoint City in Yishun for $1.17 billion.
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The acquisition will make FCT the largest suburban retail landlord with a 10.3 per cent market share.
The sellers are Frasers Property, its controlling shareholder Thai billionaire Charoen Sirivadhanabhakdi and the estate of his late wife.
FCT inked agreements with FCL Amber and Bright Bloom Capital to acquire the south wing of Northpoint City for $1.17 billion. It will be done via the purchase of North Gem Trust (NG Trust), a private trust that holds the interests in the target property.
Dit verhaal komt uit de March 26, 2025-editie van The Straits Times.
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