Waterway Point

The acquisition is said to be in the trust’s “ordinary course” of business.

FCT’s share in this loan is proportionate to its 40% interest in Sapphire Star Trust.

The net proceeds will be used to repay FCT’s debt, thus lowering its gearing level.

SINGAPORE (Sept 9): Frasers Centrepoint Trust (FCT), the developer-sponsored retail REIT, has raised its stake in Waterway Point, the suburban retail mall located at 83 Punggol Central, to 40% from 33⅓%.

SINGAPORE (July 29): Frasers Centrepoint Trust (FCT) delivered a strong set of results in 3Q19, despite seeing a dip in DPU due to an enlarged unit base.

SINGAPORE (Apr 26): Maybank Kim Eng, DBS Group Research and OCBC Investment Research -- are maintaining Fraser Centrepoint Trust (FCT) at “buy” with target prices of $2.60, $2.60 and $2.61 respectively.

SINGAPORE (Sept 5): It's no wonder why Frasers Centrepoint Trust's Northpoint City and Causeway Point are two of the biggest malls in the northern region.

SINGAPORE (April 7): DBS is maintaining its “buy” on Frasers Centrepoint Limited (FCL) with a target price at $2.00 for its attractive valuations and 5% dividend yield which is one of the highest among developers.

SINGAPORE (Nov 9): Following the recent spate of privatisation, UOB Kay Hian is casting the spotlight on the merger and acquisition (M&A) investment theme.

SINGAPORE (Oct 5): Singapore’s retail environment continues to be challenging in 3Q, and weaker-than-expected economic growth and the soft job market is likely to affect spending for the rest of the year, Cushman & Wakefield.