9 stories mentioning SGX:J69UUpdated 2d ago
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Frasers Centrepoint Trust (SGX:J69U) issued nearly 1.5 million units at SG$2.2590 apiece for the payment of base fee components of management fee to its manager, Frasers Centrepoint Asset Management, according to a Thursday filing with the Singapore Exchange.The fee was for the period from April 1 to June 30.Following the issuance, the manager now holds around 120.9 million units in the trust.
Frasers Centrepoint Trust's (SGX:J69U) committed occupancy across its retail portfolio slipped to 99.6% in the third quarter ended June 30 from 99.9% a year ago, according to a Monday filing with the Singapore Exchange.The figure excludes Hougang Mall and Nex due to ongoing asset enhancement initiatives.Shopper traffic across its retail portfolio for the June quarter rose 2.4% year on year, while tenants' sales inched up 0.2% year on year.
Singapore shares surged on Tuesday as investor sentiment drove a rebound in the chipmaker sector.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,493.02 and 5,543.89 throughout the day. It ended the session at 5,526.72, up 27.77 points or 0.5% compared to Monday's close.On the corporate front, shares of HS Optimus (SGX:504) surged nearly 17% at the close as it completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller.Frasers Centrepoint Trust (SGX:J69U) secured a tender for a mixed-use commercial and residential site at Bayshore Drive in Singapore for SG$2.1 billion.Meanwhile, Aedge Group's (SGX:XVG) subsidiary, IPF Investments, exercised an option to acquire a freehold property in Singapore for SG$7.5 million.
A consortium involving Frasers Centrepoint Trust (SGX:J69U) has secured a tender for a mixed-use commercial and residential site at Bayshore Drive in Singapore for SG$2.1 billion, according to a Monday filing with the Singapore Exchange.The trust will hold a 50% stake in the consortium's retail arm via SPT (Retail). Under the arrangement, SPT (Retail), SMCL Urban C2, and Sekisui House (TYO:1928) will develop and retain full ownership of the project's commercial component, while a separate entity, SPV (Residential), will develop the residential section.The leasehold site spans an area of 57,461 square meters and has a maximum gross floor area of 149,398 square meters.
A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL (KLSE:5211), Sekisui House (TYO:1928) and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore.The consortium made a bid of SG$2.1 million, 5.8% above the second-highest bid, according to a Wednesday filing with the Singapore Exchange.The mixed-use site spans an area of 57,460.6 square meters and is expected to yield up to 1,280 residential units and 22,500 square meters of commercial area.Depending on the positive outcome of the bid, the parties will jointly develop the residential component, while the commercial component will be developed and fully owned by Frasers Centrepoint Trust, Sunway MCL and Sekisui House.
Frasers Centrepoint Trust (SGX:J69U) renewed five-year property management agreements for four Singapore malls till 3031, according to a Friday filing with the Singapore Exchange.Fee structures for three of the properties are set at 2% of gross revenue plus 2% of net property income annually, along with an additional 0.5% NPI fee, which will cover leasing commissions.For the fourth property, the Waterway Point, the structure is based on 2% of gross revenue and 2.5% of NPI without a separate leasing commission structure.
Frasers Centrepoint Trust (SGX:J69U) has agreed to sell the White Sands mall for SG$467 million, according to a Tuesday filing to the Singapore stock exchange.HSBC Institutional Trust Services (Singapore), Frasers' trustee, has entered into an agreement with "an unrelated third-party purchaser", Growth Capital, for the proposed divestment, the statement said.The sale of the Singapore-based mall is expected to be completed by Sept. 30.The divestment is at an 8.4% premium to its independent valuation, with an estimated net gain of around SG$32.4million, the company said.The manager said it plans to use the estimated net proceeds of about $G454.1 million to repay the company's debt, after factoring in divestment-related expenses of about SG$2.8 million. This will reduce Frasers' aggregate leverage to 36.5% from 40%, and strengthen its financial position, it said.
Frasers Centrepoint Trust's (SGX:J69U) distribution per unit or DPU rose 1.4% during the fiscal first half ended March 31 to SG$0.06136 from SG$0.06054 a year earlier, according to a Friday filing with the Singapore Exchange.Distribution to unitholders was up 14% to SG$125.0 million from SG$110.1 million.Net property income jumped 20% to SG$160.8 million compared with SG$133.7 million in the year-ago period.Gross revenue surged 20% year over year to SG$221.9 million from SG$184.4 million, backed by committed occupancy of 99.8%.Analysts quoted by Visible Alpha had projected a revenue of SG$219 million for the period.
Frasers Centrepoint Trust (SGX:J69U) confirmed a report by The Business Times, claiming the company is in discussions to sell the White Sands Mall for over SG$470 million, according to a Monday filing with the Singapore Exchange.Shares of the trust were up under 1% in Tuesday trading.The trust's manager said there is no certainty that negotiations will lead to a transaction.
