SINGAPORE: Singapore retail real estate investment trust Frasers Centrepoint Trust said on Thursday it is acquiring an additional 24.5% effective interest in retail mall NEX for S$523.1 million ($390.4 million).
"The acquisition follows from our initial acquisition of 25.5% in NEX in February 2023 and will raise FCT’s effective interest to 50.0% on completion," FCT's Chief Executive Officer Richard Ng said in a statement.
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