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Frasers Property (formerly: Frasers Cpt (FCL))
10-10-2019, 05:24 PM.
Post: #1241
RE: Frasers Property (formerly: Frasers Cpt (FCL))
Central Park Retail assets sold

* $2 billion Central Park community nears completion
* Frasers Property Australia and Sekisui House Australia sell retail assets
* Fortius Funds Management and SC Capital Partners Group acquire high profile Sydney CBD destination shopping centres
* The combined three retail assets sold for A$174.5 million

Frasers Property Australia and Sekisui House Australia, the joint venture partners behind the award-winning A$2 billion Central Park in Sydney CBD, have sold and settled the three final retail assets in the mixed-use community to a consortium comprising Fortius Funds Management and SC Capital Partners Group on behalf of its RECAP V Fund, for A$174.5 million.

Located in the heart of one of Sydney’s most vibrant and dynamic precincts, Central Park Retail comprises three freehold retail assets – Central Park Mall, DUO Retail and Park Lane Retail – with a total combined GLA of 14,600 sqm.

Central Park Mall, the largest of the three assets, opened in late 2013 and is anchored by a high performing Woolworths supermarket and state-of-the-art Palace Central cinema complex. It houses a diverse mix of entertainment, fashion and experiential retailers, complemented by a world-class alfresco dining precinct. It’s also the centrepiece of a community that has redefined urban living in the CBD. Internationally acclaimed for its vertical gardens and heliostat, the Central Park development has transformed a former brewery site into a vibrant mixed-use precinct with retail, commercial, hotel, education, student accommodation and residential uses integrated with a thriving entertainment and lifestyle offer.

More details in https://links.sgx.com/FileOpen/FPL_Annou...eID=581349
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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15-11-2019, 09:28 PM.
Post: #1242
RE: Frasers Property (formerly: Frasers Cpt (FCL))
Frasers Property Limited registers S$1,293 million PBIT in FY19
* Investment properties provided stable earnings base and partially offset effects of lumpy development income
* Enhanced key platforms, including the Group’s retail platform with the acquisition of an ~88% stake in PGIM Asia Retail Fund and the formation of an integrated multi-national industrial and logistics platform, while further scaling up the Thailand country platform with the increase in holdings in Golden Land.

[Image: fpl-fy19.png]

The Directors propose, subject to shareholders’ approval, a final dividend of 3.6 cents (2018: 6.2 cents) per share, to be paid on 18 February 2020. Taken with the interim dividend of 2.4 cents (2018: 2.4 cents) per share already paid, this will give a total distribution for the year of 6.0 cents (2018: 8.6 cents) per share.

More details in :
1. https://links.sgx.com/FileOpen/FPL_FY201...eID=586403
2. https://links.sgx.com/FileOpen/FPL_FY201...eID=586404
3. https://links.sgx.com/FileOpen/FPL_FY201...eID=586405
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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16-11-2019, 10:36 AM.
Post: #1243
RE: Frasers Property (formerly: Frasers Cpt (FCL))
The company has been paying 8.6 cents annual dividend for the past few years.
Dividend cut this year is a negative for share price.

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