Shares & Derivatives
Frasers Centrepoint Trust Acquires Stake In NEX
By My Sweet Retirement  •  January 28, 2023
Frasers Centrepoint Trust will acquire a stake In NEX (North East Exchange) which is one of Singapore’s largest suburban retail properties. The acquisition is a strategic fit and complementary to Frasers Property Group’s retail portfolio given that Frasers Centrepoint Trust portfolio comprises of suburban retail malls. Frasers Centrepoint Trust portfolio currently has 9 retail malls. They are
  1. Causeway Point
  2. Northpoint City
  3. Waterway Point
  4. Changi City Point
  5. Tampines 1
  6. Century Square
  7. White Sands
  8. Tiong Bahru Plaza
  9. Hougang Mall
On top of the retail malls, it also has a commercial property, Central Plaza. On 26th January 2023, Frasers Centrepoint Asset Management Ltd who is the manager of Frasers Centrepoint Trust together with Frasers Property Limited announced the joint acquisition of 50 percent interest in Gold Ridge Pte Ltd for a purchase consideration of S$652.5 million. If you didn’t know, Gold Ridge Pte Ltd is the developer and owner of the suburban retail mall NEX (North East Exchange)....
Read the full article
By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance