FCT Singapore to sell off Anchorpoint Shopping Centre for $110m

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The mall is in a prime location in Singapore's inner west. Frasers Centrepoint Asset Management has announced the proposed sale of the Anchorpoint Shopping Centre in Alexandra Road, on behalf of the Frasers Centrepoint Trust (FCT Singapore) A $110m price tag has been negotiated with an unnamed buyer, with Frasers informing the SGX that it was expecting net proceeds of S$108.8m, after appraisal fees and other account divestment related expenses. The full divestment is expected to be completed by 22 March, 2021.  read more