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Frasers Centrepoint says exploring REIT listing on Singapore bourse

Published 03/02/2016, 10:53 pm
Updated 03/02/2016, 11:00 pm
© Reuters.  Frasers Centrepoint says exploring REIT listing on Singapore bourse
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SINGAPORE, Feb 3 (Reuters) - Property developer Frasers Centrepoint Ltd FRCT.SI said it was exploring listing a real estate investment trust in Singapore as an option to get the best value from its assets, including its Australian industrial properties.

The Singapore-listed company said discussions were still going on and no decision had been made on whether the transaction will take place.

Frasers Centrepoint, backed by Thailand's second-richest man Charoen Sirivadhanabhakdi, gained control of the Australian assets through its 2014 purchase of Australand Property Group for about A$2.6 billion ($1.84 billion).

Bloomberg had earlier reported the company was weighing a REIT listing backed by the assets. = 1.4166 Australian dollars)

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