Frasers Property posts $1b in pre-sold residential revenue in Q1

Robertson Walk and Fraser Place Robertson Walk are also set for redevelopment.

Frasers Property Limited reported $1b in pre-sold residential revenue for the first financial quarter ended 31 December 2024.

The Orie, a joint residential development, achieved an 86% sales rate during its launch weekend on 18 January 2025.

Frasers Property also announced the redevelopment of Robertson Walk and Fraser Place Robertson Walk into a mixed-use lifestyle hub, holding a 51% stake, with the launch expected in 2025.

In industrial & logistics, projects totalling 343,000 sqm in Australia and Europe, 118,000 sqm in Thailand, and 158,000 sqm in Vietnam are set for completion in FY25 and FY26.

Additionally, the group expanded its hospitality portfolio with the openings of Modena by Fraser Vinh Yen in Vietnam and YOTEL Tokyo Ginza in Japan. It also divested Coorparoo Square Retail Centre in Queensland, Australia, in December 2024 to optimise its portfolio.

The group said it remains focused on capital management, ensuring it can refinance or repay all debt due in the next 12 months whilst working to lower its gearing.

Moreover, Frasers Property is addressing macroeconomic challenges such as high interest rates, currency volatility, and tariff tensions by maintaining a high proportion of fixed-rate debt and employing a natural hedge strategy.