Singapore's Frasers Property to sell stake in office tower for $327m

Singapore's Frasers Property to sell stake in office tower for $327m

Frasers Tower. Source: Frasers Property

Frasers Property on Thursday announced that it plans to sell a 50 per cent stake worth S$442.7 million ($326.86 million) in subsidiary Aquamarine Star Trust (AST), which owns the 38-storey Grade A Central Business District (CBD) development called Frasers Tower.