Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,134.71 +18.54 +0.59%
Hang Seng 26,664.28 +160.35 +0.61%
Dow Jones 27,001.98 -22.82 -0.08%
Shanghai Composite 2,978.71 -12.33 -0.41%
Frasers Centrepoint Secures Over AUD275 Million Worth Of New Projects
Daily Bulletin | 17 September 2015
Related stocks:
TQ5
By:

Frasers Centrepoint’s wholly-owned subsidiary, Frasers Property Australia (formerly known as Australand), has secured over AUD275 million worth of new development projects over the past 12 months.

The new development projects across the national industrial and commercial platform comprises 210,900 square metres that were mainly secured in Sydney and Melbourne with the remainder in Adelaide and Brisbane, bringing the total commercial and industrial portfolio value to approximately AUD2.4 billion.

Major pre-lease deals that have been secured within the last 12 months also include Toshiba, Fisher and Paykel, Australian Geographic and Miele.

Within the next 12 months the commercial and industrial business has a strong development pipeline of 280,000 square metres to deliver assets valued at over AUD400 million. The group is also looking to restock in its three main markets – Sydney, Melbourne and Brisbane.

Frasers Property  1.750 -0.020 -1.13%   
Business: Co operates as a real estate company. [FY18 Geographical] Australia (41.1%), Singapore (33.2%), Europe (14.1%), China (7.2%), others (4.4%).

Insight: May-19, 1H19 revenue grew 27% due to significant c... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.