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Frasers Commercial Trust
(FCOT) is a leading developer-sponsored commercial real estate investment trust (REIT) focused on growing shareholder value for its Unitholders through active asset management, sound financial management and strategic investments.
FCOT
invests primarily in quality income-producing commercial office properties and its current portfolio consists of nine quality office buildings located in Singapore, Australia and Japan and an investment in an unlisted office fund in Australia. As at 31 December 2008, the portfolio represented a combined appraised value of approximately S$1.7 billion.
FCOT,
formerly known as Allco Commercial REIT, was listed on the main board of the Singapore Stock Exchange on 30 March 2006.
On 14 August 2008, Frasers Centrepoint Asset Management (Commercial) Ltd (FCAMCL or the Manager), a real estate investment management division of Frasers Centrepoint Limited (FCL), became the Manager of FCOT through its acquisition of the former management company and its holding in the REIT.
FCL, a wholly-owned subsidiary of Fraser and Neave, Limited (F&NL), is a leading Singapore-based property company with a strong global foothold in property development, property investment, serviced residences and investment funds.
Under the stewardship of F&NL, FCL’s business has evolved from being the owner and operator of a single shopping centre to property development, property management, and asset and fund management of commercial properties (Frasers Centrepoint Commercial), residential homes (Frasers Centrepoint Homes), serviced apartments (Frasers Hospitality) and property trusts (Frasers Centrepoint Asset Management).
FCL’s international property arm, Frasers Property, develops world-class projects in UK, Australia, New Zealand, Thailand, China and Vietnam.
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FCOT
’s vision is to expand on the initial diversified portfolio by focusing on acquiring and actively managing high quality office and retail properties across the Asia-Pacific region.
The Manager’s key objectives are:
- To deliver regular and stable distributions to Unitholders.
- To achieve long-term growth in such distributions and the net asset value per Unit.
- To provide Unitholders with a competitive rate of return for their investment.
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