The agreed property value of SGD 1,133 million implies a yield of 4.5%, which is tighter than the 4.75% cap rate of FCT’s existing asset, Northpoint City North ... investor’s point of view.

A big benefit of this acquisition is that FCT’s manager can consolidate both the North and South Wings of Northpoint City. With full ownership of the entire mall, the REIT can execute holistic asset ...

This will be done through the acquisition of all the units in North Gem Trust (NG Trust), which is a private trust that holds the interests in the South Wing of Northpoint City. FCL Amber and Bright ...

It will be done via the purchase of North Gem Trust (NG Trust), a private trust that holds the interests in the target property. FCL Amber and Bright Bloom are the 50:50 owners of NG Trust.

Northpoint City South Wing is the largest suburban mall in north Singapore. It is linked to Yishun Integrated Transport Hub and has a 100% committed occupancy. The acquisition will turn FCT into the ...