Singapore-based real estate investment trust, Frasers Centrepoint Trust, has recently made a substantial sale by offloading its retail property, Changi City Point, for a staggering $338 million. This move highlights the trust’s strategic decision to streamline its portfolio, consequently generating additional capital for future investments. The transaction not only signifies attractive prospects for investors but also demonstrates resilience in the ever-evolving Singaporean real estate market.
Frasers Property Limited announced that its subsidiary has successfully secured refinancing for a $1.08 billion green loan. The loan will support Frasers Property’s commitment to sustainable development and green initiatives. This achievement highlights the company’s dedication to environmental responsibility and sustainable practices in the real estate sector.