Frasers Commercial Trust Divests 55 Market Street

Frasers seems pretty active in the divestment of their assets. I believe this is part of capital recycling. With Frasers Logistics and Industrial Trust announcing the divestment of one of their Australian asset ( Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset ), I received notification that Frasers Commercial Trust is divesting one of their Singapore properties, which is 55 Market Street. Frasers Commercial Trust currently makes up 2% of my stock portfolio.

55 Market Street is a 16-storey commercial property located in Raffles Place. The tenure is 999 years starting from April 1826. The total net lettable area is 71,796 square feet. Frasers Commercial Trust considers the property as a non core asset. Read More