Frasers Property arm to buy stake in PGIM Real Estate AsiaRetail Fund for $356.4m

Submitted By:  Arianna Danganan Case Study:  No The 17.83% stake is equivalent to 94,013 shares. Frasers Property has entered a conditional sale and purchase agreement to acquire a 17.83% stake in open-end private investment vehicles PGIM Real Estate AsiaRetail Fund for $356.4m, an announcement revealed. According to the firm, Frasers Property’s subsidiary Frasers Property Crystal will purchase some 94,013 shares from a shareholder of PGIM Real Estate AsiaRetail Fund. read more