SINGAPORE - Frasers Property has brought in a strategic capital partner for Northpoint City , it announced on Tuesday .
The transaction values Northpoint City at $1.1 billion and allows the group to recognise a gain of $50 million over the asset's last audited book value as at Sept 30, 2019. As part of the agreement, Frasers Property and Bright Bloom Capital have pre-emptive rights on each other's stake in Northpoint City .
"Amid challenges brought about by Covid-19, we are pleased to have the support of TCC as our strategic capital partner for this transaction. We will continue to manage Northpoint City, thereby enhancing the group's long-term return by growing our asset and property management fee income."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Frasers Property brings in capital partner for Northpoint City (South Wing)FRASERS Property has brought in a strategic capital partner for Northpoint City (South Wing), it announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: Biolidics, Frasers Property, Sembcorp, GuocoLand, Sri Trang AgroTHE following companies saw new developments that may affect trading of their securities on Wednesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stock watch: Biolidics, Frasers Property, Sembcorp, OCBC, Great Eastern, Sri Trang AgroSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Wednesday (July 15):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Funeral of mayor of South Korean capital held amid allegations of sexual abuseSEOUL (REUTERS) - Friends, family and colleagues attended the small funeral on Monday (July 13) for the longtime mayor of Seoul, one of the country's most prominent elected officials, who leaves a complex legacy amid a criminal investigation into allegations of sexual harassment.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
COVID-19: S'pore confirms 347 new cases and 27th-related death; no patient in ICUThe Ministry of Health (MOH) on Tuesday (14 July) confirmed 347 more COVID-19 cases in Singapore, bringing the total to 46,630, as well as the city-state’s 27th coronavirus-related death.
Source: YahooSG - 🏆 3. / 71 Read more »
Polish president with narrow lead in run-off: Exit pollWARSAW: Right wing populist and Trump ally Andrzej Duda led by a narrow margin against his europhile challenger in Poland's presidential election, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »