Frasers Centrepoint says has applied for Singapore Reit listing of Aussie assets

SINGAPORE - Mainboard-listed Frasers Centrepoint LT (FCL) confirmed on Monday (May 9) that it has applied to list a Singapore real estate investment trust (Reit) which will hold a portfolio of its Australian logistics and industrial assets.

In a filing to the Singapore Exchange after a request for a trading halt, FCL said that relevant applications have been made to the various regulatory authorities, including SGX and the Monetary Authority of Singapore, for an initial public offering and isting of the Reit.

It did not give further details, such as the IPO size.

The Business Times earlier on Monday reported the Reit could be worth S$800 million to S$900 million, and the IPO could be slated for June this year.

FCL added in its statement that there is currently no certainty that it will proceed with the IPO.

It requested for the trading halt on its shares to be lifted.

FCL has three other Singapore-listed trusts - Frasers Centrepoint Trust, office landlord Frasers Commercial Trust and Frasers Hospitality Trust.

Backed by Thailand's second-richest man Charoen Sirivadhanabhakdi, FCL acquired diversified Australand Property Group for about A$2.6 billion in 2014 and integrated it with its existing Australia business, Frasers Property Australia.