FCT Singapore to sell off Anchorpoint Shopping Centre for $110m

The mall is in a prime location in Singapore's inner west.

Frasers Centrepoint Asset Management has announced the proposed sale of the Anchorpoint Shopping Centre in Alexandra Road, on behalf of the Frasers Centrepoint Trust (FCT Singapore)

A $110m price tag has been negotiated with an unnamed buyer, with Frasers informing the SGX that it was expecting net proceeds of S$108.8m, after appraisal fees and other account divestment related expenses.

The full divestment is expected to be completed by 22 March, 2021.

This will leave FCT Singapore's retail portfolio with 10 retail malls, accounting for approximately 2.3 million square feet of net lettable area, and more than 1,500 leases. The manager of the trust plans to use the proceeds to repay debt and also as working capital.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia