Tag Archives: Frasers Commercial Trust

Makeover for China Square

Posted on 22 May 2012 | Comments Off on Makeover for China Square

Far East Organization, Frasers Commercial Trust and The Great Eastern Life Assurance Co Ltd recently announced a China Square Precinct Master Plan, which is essentially to integrate the three companies’ respective developments: Far East Square, China Square and Great Eastern Centre, into a precinct called China Place.

A covered linkway connecting the three projects and the upcoming Telok Ayer MRT station is estimated to cost $14 million, with the cost borne equally by all three parties. Far East also announced that it would be developing two hotels on the site: a 37-unit boutique hotel converted from some of the existing shophouses and a 28-storey, 292-room hotel.

Source: TheEdge – 2012 May 22

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Posted in Government, Office / Retail / Industrial, Property Market / Real Estate

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Frasers Commercial’s DPU & distributable income fall on-year

Posted on 24 Oct 2009 | Comments Off on Frasers Commercial’s DPU & distributable income fall on-year

Frasers Commercial Trust (FCOT) announced on Friday a third quarter distribution per unit of 0.2 cent.

That is 26 per cent lower than the 0.27 cent DPU for the same period last year, after making adjustments for a rights issue.

Distributable income for the period ended in September fell by 24 per cent on-year to S$6.14 million, though it was up by 10.4 per cent when compared to the previous quarter.

Net property income suffered a less drastic drop, declining 0.6 per cent on-year to S$19.9 million. Compared to the previous quarter, FCOT said its net property income increased by over 13 per cent.

The improvement was driven by the initial five weeks of ownership of Alexandra Technopark, a stronger Australian dollar and better occupancy levels.

FCOT said the last stage of its recapitalisation and refinancing will be completed in the next quarter.

Earlier this year, it announced a rights issue to raise S$214 million.

Source : Channel NewsAsia – 23 Oct 2009

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Posted in Funds

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