FCT divests stake in Hektar REIT for $36.7m

The company divested over 140 million units in the REIT.

Frasers Centrepoint Trust (FCT) has completed its divestment of 143,898,398 units in Hektar Real Estate Investment Trust (REIT) for $36.7m.

FCT’s trustee received the divestment consideration upon completion of the divestment.

Meanwhile, the earnest deposit of $0.4m or 1% of the divestment consideration paid to the trustee before completion per the terms and conditions of the sale and purchase agreement will subsequently be refunded to the purchaser.

Following the completion of the divestment, FCT only had 10,559,928 units in Hektar REIT.

FCT has also divested the remaining units to an unrelated third party, according to its manager.

Follow the link for more news on

Frasers Centrepoint Trust

divestment

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia