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


Masks block 99.9% of large Covid-linked…
Aldi Sells A Sweet Sugar Cookie Dessert…
Welcome to World Class: The Shortlist -…
Toyota Land Cruiser Is Dead for 2022
See Prince Charles Make His Acting…
Google reportedly asked employees to…
WHO chief scientist warns against Covi…
Face mask + social distancing = lowest…
This two-ingredient prime rib recipe…
Photo Gallery: 2020 Season In Review
2021 Jeep Wrangler 4xe Plug-In Hybrid…
2 Delta Air Lines passengers deployed…
Singapore hits 70% adoption goal for…
Vaccine hesitancy stirs in nearly COVID-free…
Star Trek: Discovery’ Sneak Peek: Stamets…
What to do during this phase 2 weekend
EU transport boss criticises France on…
Today I learned that the iOS calculator has a…
PS5 game deals in Australia: the cheap…
Asia Carbon-Free Plans Boost Outlook for…
Do You Have A Winter Health Issue Or…
A former Momofuku employee says she…
PS5 game deals in Australia: the cheapest way to buy Demon’s Souls…
What to Know About At-Home Whitening Products When You Have Sensitive…
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.
This will leave FCT Singapore’s retail portfolio with 10 retail malls, accounting for approximately 2.3 million square feet of net lettable area, and more than 1,500 leases. The manager of the trust plans to use the proceeds to repay debt and also as working capital.
To call Koh Soo Boon an early mover in venture capital is a bit of an understatement. When she began her career in 1988, International Business Machines Corp. was the dominant force in technology. Apple Inc., without Steve Jobs, was struggling to develop its first portable computer. Mark Zuckerberg hadn’t started kindergarten.
Shares started the week out on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that U.S. lawmakers finally have a deal on more support for American families and businesses. Markets fell in Japan, Hong Kong and South Korea on Monday but rose in Shanghai. Passage of the nearly $1 trillion COVID-19 economic relief package was expected later Monday. However, a resurgence of virus outbreaks around the globe has dented…
Its USD Facility will also be extended to end-September 2021. The Monetary Authority of Singapore (MAS) has extended its $80b (US$60b) swap arrangement with the US Federal Reserve through 30 September 2021, a statement read. The MAS USD Facility will also be extended to 30 September 2021. Since launching in March, the facility has provided about $30.5b (US$23b) to banks, for use in Singapore and the region.
DETROIT (AP) — In the middle of last year, Tesla’s losses were piling up, sales weren’t enough to cover expenses and big debt payments loomed. The situation was so bad that one influential Wall Street analyst raised the possibility that Tesla wouldn’t be able to pay its bills and would have to be restructured financially. Since then, the electric car and solar panel maker’s shares have skyrocketed, rising nearly 700% this year alone. Monday was…
Time spent with underprivileged groups alleviates COVID-19-related stress, research said. Nine in 10 Singaporeans claimed volunteering for charities as a coping mechanism for the challenges caused by the pandemic as well as a way to improve their mental health, according to a research by skills-based volunteering facilitator talenTust and research data and analytics group YouGov. Survey answers of more than 1,000 Singaporeans expressed the…
The firm said office rents will pick up in H2 2021. Office rents would fare better in H2 2021 and consequently result in an overall positive rental growth next year, said real estate services provider CBRE’s research arm. The forecast was based on the Ministry of Trade and Industry’s projection that Singapore’s economy would grow by 4% to 6% in the following year. “Office demand is expected to remain relatively subdued in H1 2021, as firms will…
Diagnostic Tool