Frasers Centrepoint Trust Gets a Slice of PGIM Real Estate Fund

News about Frasers Centrepoint Trust

Frasers Centrepoint Trust (FCT) will purchase a 17.1% stake in unlisted PGIM Real Estate Fund for S$342.5 millions:

FCT's manager said that the open-end fund is the largest non-listed retail mall fund in Singapore. It owns and manages six retail malls in Singapore - Tiong Bahru Plaza, White Sands, Liang Court, Hougang Mall, Century Square and Tampines 1 - and office property Central Plaza, as well as four retail malls in Malaysia.

Frasers Centrepoint Trust
Price2.160 SGD
NAV2.250 SGD
Yield (4 quarters)5.58%