Description
Frasers Centrepoint Trust, or FCT, is a real estate investment trust listed on the Singapore Exchange that predominately invests in suburban retail assets in Singapore. Its portfolio consists of nine retail malls (of which one is not wholly owned) and one office property with a total valuation of SGD 6 billion as at Sept. 30, 2021. FCT also holds a (i) 31.2% interest in Hektar REIT, a retail-focused REIT in Malaysia and a (ii) 43.7% interest in Changi City Carpark. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property Limited that has a 41.1% direct and indirect interest in FCT.
