Frasers Centrepoint Trust (FCT) is ready to acquire Northpoint City South Wing, the REIT’s chief executive has confirmed recently.

Northpoint City South Wing is the extension of FCT’s second largest asset by net lettable area (NLA), Northpoint City North Wing.

It is presently owned by the REIT’s sponsor, Frasers Property Limited, and features about 290,000 square feet of NLA.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.