Frasers Commercial Trust clarifies issue on acquisition of Caroline Chisholm Centre

The group issued a statement to clarify a report published in the Australian Financial Review.

In the article, published on 2 February 2012, it was reported that “Singapore-listed Frasers Commercial Trust is considering the purchase of the remaining half stake in the Caroline Chisholm Centre in Canberra, up for sale by Record Realty Group receiver KordaMentha.”

According to the group's statement: 

FCOT is in discussion with KordaMentha on the possible acquisition by FCOT of the Vendor’s 50% interest in Caroline Chisholm Centre, a property located in Canberra, Australia. FCOT presently holds an indirect 50% interest in the Property. This is carried out as part of the Manager’s ongoing review and assessment of potential acquisition opportunities that may be suitable for FCOT. No agreement has been reached to date between the parties.

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Tags: Frasers Commercial Trust, Caroline Chisholm Centre Australia, KordaMentha