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FCT takes full control of Northpoint City South Wing

The agreed property value was $1.1b.

Frasers Centrepoint Trust (FCT) has acquired a 100% interest in North Gem Trust, resulting in full ownership of the Northpoint City South Wing.

The agreed property value was $1.1b, based on the average of two independent valuations.

FCT paid approximately $375.2m in cash for the acquisition, subject to completion adjustments.
 

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