Frasers Centrepoint files application for new REIT listing

It will hold its Australian assets.

Property developer Frasers Centrepoint is planning to list a new real estate investment trust (REIT) in Singapore, which will hold a portfolio of its Australian logistics and industrial assets.

The company said that it has already made relevant applications to the various regulatory authorities, including the SGX-ST and Monetary Authority of Singapore, for the proposed IPO.

The listing is subject to market conditions, the requisite regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties.

“The Company wishes to reiterate that no decision has been made as to whether the transaction will take place and there is currently no certainty that the Company will proceed with the Offering,” Frasers Centrepoint said.