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Frasers Property Expands Singapore Footprint With $497 Million Suburban Mall Stake Purchase

Por: Forbes Business January 27, 2023

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The NEX shopping mall in the northeastern Singapore town of Serangoon.Courtesy of Mercatus and its unit Frasers Centrepoint Trust—both controlled by Thai billionaire —agreed to acquire a stake in a suburban shopping mall in the northeast Singapore town of Serangoon. Charoen’s companies are acquiring a 50% stake in the property from Mercatus Co-operative—the property arm of NTUC Enterprise—for S$652.5 million ($497 million). The... + full article



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