Frasers Property raises stake in PGIM Real Estate AsiaRetail Fund to 47.82% for $601.5m

Submitted By:  Danielle Isaac Case Study:  No Earnings are expected to grow to $511m after its acquisitions. Frasers Property raised its stake in PGIM Real Estate AsiaRetail Fund from 29.99% to 47.82% for $601.5m, an announcement revealed. This marks its second acquisition of the fund. The book value and net asset value of the newly purchased 158,145 shares are approximately $598.1m. read more