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)....