Frasers Property shareholders back hospitality assets optimisation
The approval gives Frasers full ownership of Fraser Suites Singapore and enables Valley Point redevelopment.
Frasers Property Limited’s shareholders have approved the proposed optimisation of the company’s hospitality assets under Frasers Hospitality Trust.
In a statement, the company said the Ordinary Resolution was approved by 99.07 % of the total number of votes cast by shareholders entitled to vote. The approval enables the Group to move forward with the next phase of its hospitality strategy following the privatisation of Frasers Hospitality Trust in October 2025.
“The transaction unlocks capital from mature assets, enhances the group’s financial flexibility and gives us full ownership of Fraser Suites Singapore, facilitating the redevelopment of the wider Valley Point site,” said Loo Choo Leong, group CFO of Frasers Property.
The company said it will now work towards implementation of the proposed portfolio optimisation, which includes the receipt of the necessary regulatory and third -party approvals.
The transaction is expected to complete by the end of fiscal year 2026, subject to satisfaction of the conditions under the Proposed Agreements.