Frasers Centrepoint Trust's manager has announced the proposed acquisition of Northpoint City South Wing. The agreed value of the property is $1,133.0 million, which translates into $3,757 per sq ft of net lettable area (NLA).

The net property income (NPI) yield based on the property’s NPI for the financial year ended Sept 30, 2024 and the NPI yield based on the agreed property value is 4.5%.