Frasers Centrepoint Trust has declined to articulate its plans for Hektar REIT as the latter lays out plans to expand its investment mandate beyond retail assets.
The Malaysia-listed REIT has also announced an equity fundraising exercise that could dilute FCT’s stake in the entity by about 20%.
FCT is a Singapore-listed REIT with a mandate to invest in suburban retail assets across the country.
Related: Hektar REIT set to expand investment mandate with campus acquisition
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