Retail REIT Frasers Centrepoint Trust (FCT) announced on 25 March that it is acquiring the remaining 100% interest in Northpoint City South Wing for SGD1.17 billion.
The move aims to solidify the REIT’s position as Singapore’s leading owner of prime suburban retail spaces.
Northpoint City South Wing, part of a mixed-use development with direct MRT and bus interchange access, adds 301,579 square feet of retail space to the REIT’s SGD 7.1 billion portfolio.
Related: Frasers Centrepoint Trust assuages concerns over Malaysian rail link
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