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Thai Billionaire Seeks Singapore Listing of Australian Assets

Thai Billionaire Seeks Singapore Listing of Australian Assets

 A Thai billionaire who owns residential and industrial properties in Australia is seeking to raise about SGD900 million through an initial public offering in Singapore. Thai billionaire Charoen Sirivadhanabhakdi, through his Singapore-based real-estate firm Frasers Centrepoint Ltd. ,agreed in 2014 to buy Australand for US$2.40 billion. Earlier this year, it was looking to pursue a real-estate investment trust or REIT IPO for some of the logistics and industrial assets of Australand in Singapore.

“A Thai billionaire who owns residential and industrial properties in Australia is seeking to raise about SGD900 million through an initial public offering in Singapore.”

~ Wall Street Journal

If successful, the deal would be one of the biggest in Singapore in more than three years. This deal, if successful, could also lift sentiment toward the IPO market in Southeast Asia, which has experienced a lack of investor demand for new offerings.

Related Reports: Wall Street Journal

 

About Frasers Centrepoint

Frasers Centrepoint Limited is an international real estate company with a portfolio that spans residential, commercial, hospitality and industrial asset classes. We invest in and develop properties in three core markets of Singapore, where we are listed and have our roots, Australia and China where strong market fundamentals characterise these territories. Over the years, we have developed an intimate knowledge of our core markets and also of our secondary markets of the United Kingdom, Vietnam, Thailand and Malaysia. We also manage hospitality properties in over 70 cities across North Asia, Southeast Asia, Australia, Europe, and the Middle East.

Visit: Frasers Centrepoint

   

About Australand

Australand is now Frasers Property Australia, one of Australia’s leading diversified property groups with over 600 staff and operations in five states of Australia, and New Zealand.  Australand joined Frasers Centrepoint Limited, an international real estate company focused on Singapore, Australia and China with total assets of more than $16 billion and a portfolio spanning 77 cities around the world.

Frasers Property Australia’s activities across Australia cover development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties and property management.

Visit: Australand


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