Photo from Swapnil Bapat on Unsplash

FCT acquires full stake in NEX Partners Trust

The acquisition was proposed on 25 January 2024.

Frasers Centrepoint Trust (FCT) has completed the acquisition of the remaining 49% interest in each NEX Partners trust and its trustee-manager.

Following the acquisition, HSBC Institutional Trust Services (Singapore) Limited, as the trustee of FCT, now holds 100.% interest in each of NEX Partners Trust and Frasers Property Coral Pte. Ltd.

HSBC also holds a 50% interest in NEX, a retail mall located at 23 Serangoon Central, Singapore 556083.

 

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