Frasers Centrepoint Trust picks remaining 63.1% in AsiaRetail Fund for $780m

Frasers Centrepoint Trust picks remaining 63.1% in AsiaRetail Fund for $780m

Centuary Square, one of AsiaMall's managed retail malls. Photo from AsiaMall's website.

Frasers Centrepoint Asset Management (FCAM), the manager of Frasers Centrepoint Trust (FCT), will acquire the remaining 63.1 per cent interest in AsiaRetail Fund Limited for about S$1.06 billion ($780 million), according to an announcement.