On the morning of March 25, 2025, Frasers Centrepoint Trust (FCT) shared big news: they’ve fully acquired Northpoint City South Wing. Alongside this announcement, they revealed plans for a private placement and preferential offering aimed at drawing in investors and unitholders.
Accompanying these developments was a snapshot from the FCT presentation slides showcasing Northpoint City.
Let’s delve into the critical aspects of their Equity Fund Raising efforts. The acquisition totals a hefty SGD 1,172.9 million, with the property itself valued at SGD 1,133 million. To support this, they plan to gather no less than SGD 400 million through private placements and preferential offerings. The private placement alone has already concluded, bringing in an impressive SGD 220 million. This raised equity will help repay roughly SGD 415.2 million in existing debts, while about SGD 6.1 million will cover the fees and expenses tied to the equity raising efforts.
Following this acquisition, it’s anticipated that the distribution per unit (DPU) will…
