Frasers Property in talks to sell stake in Frasers Tower
The developer bagged a $1.2b loan for the property’s development in 2018.
Frasers Property has been in discussions with certain parties who have expressed interest in a stake in Frasers Tower at 182 Cecil Street Singapore, it said in an exchange filing.
“There is no certainty that any transaction would result from such discussions,” it added.
Frasers Tower is a 38-storey Premium Grade-A office tower with column-free and highly efficient rectilinear floor plates, and an adjacent three-storey cascading retail podium. In September 2018, Frasers Property bagged a $1.2b syndicated green loan for the development of the property.
The firm said it continually reviews opportunities to enhance shareholder value, including potential opportunities to collaborate with new investors and/or divest our interests in projects/assets.