Shares & Derivatives
REIT History: Frasers Commercial Trust
By Passive Income Farmer  •  January 7, 2017
Fraser Commercial Trust is one of my smaller REIT counters.  Like AIMSAMPI Capital Industrial Reit, it is another reit that rises from the ashes.  I dug out history of the Reit from the Internet and I am particularly interested on its placements and rights issues in the past. Mar 2006: - IPO at $1.00 as Allco Reit. First commercial reit with properties in Singapore (China Square Central) and Australia [Central Park, Perth (50% interest)]; and 15.7% interest in Australian Wholesale Property Fund in its initial portfolio - Acquired 55 Market Street 2007: - 1 for 1 Rights at $1.04. Excess rights priced at $1.14 (to acquire 50% interest in a property, Canberra) - Acquired 4 properties in Japan - Acquired Keypoint, Singapore - End 2007, unit price $0.90  2008: - FCL bought ......
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By Passive Income Farmer
40 years old Singaporean, wanting to add more passive streams of incomes.
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