Retail REIT Frasers Centrepoint Trust (FCT) announced on 30 June 2026 that it has entered into a put and call option agreement with Growth Capital Pte Ltd, an unrelated third-party purchaser, to divest the Pasir Ris shopping mall White Sands for SGD467.0 million.
On a pro forma basis, the sale would have trimmed the REIT’s distribution per unit by 1.9% had it been completed in FY2025.
The price represents an 8.4% premium over the property's independent valuation of SGD431.0 million, as assessed by Jones Lang LaSalle Property Consultants using discounted cashflow and income capitalisation methods as at 31 May 2026.
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