Frasers Commercial Trust raises equity

Singapore-listed commercial property developer executes only the second major S-Reit deal of the year to fund the acquisition of an office block in Australia.

Frasers Commercial Trust raises equity

Singapore-listed Frasers Commercial Trust FCOT provided S-Reit investors with a rare opportunity to pick up new paper from the sector on Thursday with a S$140.1 million $102 million deal to fund the acquisition of an office block in Australia.

So far this year, there has only been one S$525 million equity offering for Keppel Infrastructure Trust in late May. The following month Canadian financial services group Manulife was forced to postpone its S$569 million initial...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...