Frasers Centrepoint tests demand for S-Reit IPO

The group intends to inject the bulk of the Australian industrial properties it acquired from the takeover of Australand into a new real estate investment trust in Singapore.

Frasers Centrepoint tests demand for S-Reit IPO

Frasers Centrepoint has started premarketing for a new listed real estate investment trust in Singapore backed by the Australian logistic and industrial properties it acquired with the takeover of Australand Property Group in 2014.

Syndicate bankers said the initial public offering next month of Frasers Logistics Industrial Trust could raise around S$850 million $616 million. If successful, it could also pave the way for the listing of Frasers Centrepoint's other Australian assets.  

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