Century Square, a property that will come fully under the ambit of Frasers Centrepoint Trust with its acquisition of the remaining stake in ARF. (Photo: Frasers Centrepoint Trust)

Retail REIT Frasers Centrepoint Trust (FCT) has leased out the anchor space at Century Square, which was vacated by an anchor tenant in 2022.

The REIT, which has an investment portfolio of 10 suburban retail malls across Singapore, inducted Century Square into its fold after acquiring AsiaRetail Fund (ARF) beginning in April 2019.

However, the asset saw a notable fall in its occupancy level in 3Q 2022 after a cinema operator anchor tenant pre-terminated its lease at the mall from April that year.

Related: Frasers Centrepoint Trust explains pronounced occupancy fall at Century Square

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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.