Thursday, 09 September 2010. 10:12 AM SST -- (2:12 AM GMT)  
Frasers Commercial Trust
Frasers Commercial Trust
Frasers Commercial Trust
Key Milestones Print this page Print this page
December 2007
  • Distributable income for the period 1 October 2007 to 31 December 2007 rose to S$15.6 million, up by 106.1% from the corresponding period in 2006
October 2007
  • Released financial results, showing that distributable income for the period 1 July 2007 to 30 September 2007 rose to S$11.1 million, up by 46.8% from the corresponding period in 2006
  • Completed the acquisition of KeyPoint – a commercial office and retail building of 311,892 sq ft of net lettable area located on Beach Road, Singapore
September 2007
  • Completed the acquisition of three commercial office properties in Japan – Azabu Aco, Ebara Techno-Serve and Galleria Otemae – with total net lettable area of 176,729 sq ft
August 2007
  • Completed the acquisition of Cosmo Plaza – a commercial office building of 224,470 sq ft of net lettable area
July 2007
  • Released 2Q2007 financial results, showing that distributable income for the period 1 April 2007 to 30 June 2007 rose to S$12.9 million, up by 74.9% against projection
  • A combined increase of S$182.0 million (22.1%) over the valuations as at 31 December 2006 was recorded for valuations as at 30 June 2007 of China Square Central, 55 Market Street and Central Park
  • Completed a renounceable rights issue raising net proceeds of S$199.5 million; S$136.8 million utilised for the acquisition of Caroline Chisholm Centre (Centrelink Headquarters), approximately S$57.0 million for debt repayment and approximately S$5.7 million for other general corporate and working capital purposes and outstanding cash acquisition – related costs for the purchase of Caroline Chisholm Centre (Centrelink Headquarters)
  • Issue, listing and quotation of 198,749,242 new Units pursuant to the rights issue, which was oversubscribed
June 2007
  • Unitholders overwhelmingly passed all resolutions put to the Extraordinary General Meeting on 11 June 2007, including those in relation to the acquisition of Centrelink Headquarters, a rights issue and a general mandate to issue new Units
  • Acquired a 50.0% interest in Caroline Chisholm Centre, Canberra (Centrelink Headquarters) – a Grade A commercial office building of 430,556 sq ft of net lettable area
May 2007
  • Announced a Notice of Extraordinary General Meeting and issued the Circular to Unitholders, pertaining to the proposed acquisition of a 50.0% indirect interest in Centrelink Headquarters, among others
  • Achieved 100.0% committed tenancy leasing success at 55 Market Street with an initial weighted average lease expiry by area of 3.8 years, three year average rental of S$7.75 psf pm and average fixed annual increment of 4.7% for the first three years
April 2007
  • Distributable income for the period 1 January 2007 to 31 March 2007 recorded at S$7.9 million, 9.0% above that projected in the Prospectus
  • Appointment of Mr Liew Sheau Hui as new Chief Financial Officer of the Manager
February 2007
  • Released 4Q2006 financial results with the total amount available for distribution to Unitholders up 5.3% against forecast
January 2007
  • Announced valuations of China Square Central, 55 Market Street and Central Park as at 31 December 2006 resulting in an increase of S$125.4 million or 17.9% over book values as at 31 December 2006
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