Centrepoint Property Management
Centrepoint Property Management – Frasers Property is a Singapore multinational real estate and property management company that develops, owns and manages properties worldwide. It owns and manages properties in the commercial, residential, hospitality, retail, and industrial and logistics sectors. Headquartered in Singapore, it trades on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST). It also sponsors real estate investment trusts (REITs), including a staple trust, two of which are also listed on SGX-ST.
History [edit] 1963–1996: Foundation, establishment of The Seaterpoint, IPO, and acquisition by Fraser and Nave [edit]
Centrepoint Property Management
The company which would later be known as Frasers Property was incorporated in 1963 as Cold Storage Limited,
Grande Centre Point Hotel Ratchadamri (sha Extra Plus), Bangkok
The first property it developed was a shopping precinct on Singapore’s Orchard Road, known as Ctrepoint. Construction on that development began in 1980 and was completed in 1983.
In 1988, Cold Storage’s property arm became CtrePoint Properties Limited (CPL) and also began trading on the Singapore Exchange (SGX).
In 1990, the CPL became a member of Fraser & Neave after restructuring. At the time of acquisition, CPL’s sole function was as the owner and operator of Seaterpoint Mall,
In 1994, CPL opened and began managing its first residential project in Singapore with The Anchorage, a condominium complex on the site of a former Anchor Brewery.
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In 1996, it broke ground on its first commercial project called Mi Linh Point in Ho Chi Minh City, Vietnam.
In 1996, G.H. Darwin retired as executive director and was replaced by Jeffrey Hg, who assumed the role of CEO.
Under Hg, Ctrepoint expanded into hospitality with hotel brands, Fraser Place and Fraser Suites. In 1998, Fraser Suites Singapore and Fraser Place Robertson Walk were the first of F&N’s serviced residential properties. The company later opened locations in the UK, South Korea and the Philippines.
The company also first entered the United Kingdom in 2000 with the Annadale House residential development. Its first development in China came in 2001 with the Jing’an Four Seasons in Shanghai.
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It also developed its first real estate investment trust (REIT) with Frasers Centerpoint Trust (FCT). The FCT has launched with a listing on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST). In 2008, Fraser & Neave acquired a 17.7% stake in Allco Commercial REIT. It was later rebranded as Frasers Commercial Trust (FCOT) and placed under the structure of FCL. Between 2005 and 2014, FCL’s assets increased from $5 billion to $16.89 billion (SGD).
In 2013, FCL’s part company, Fraser & Neave, was acquired by Thai Chinese billionaire Charo Sirivadhanabhakadi’s TCC Group for $11 billion.
In August of that year, it was announced that Fraser & Neave would spin off FCL as its own separate listing on the Singapore Exchange through a special allotment of stock, making the property group an independent TT under the broader TCC Group umbrella. will be made
After an absence of almost 12 years. In June 2014, FCL launched Frasers Hospitality Trust (FHT), a staple trust focusing on its hospitality business. It is listed on SGX-ST.
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Another REIT, Frasers Logistics and Industrial Trust (FLT), was launched on SGX-ST in June 2016. In July 2014, Frasers Ctrepoint acquired the Australia-based property group for $2.6 billion (AUD).
In October 2016, Panote Sirivadhanabhakadi took over as Group CEO, replacing the retiring Lim ESG, who had held the role for 12 years.
Sirivadhanabhakadi was previously the CEO of Thailand-based Univers public company and a non-executive and non-executive director of Fraser Seatpoint.
In April 2017, it was announced that Frasers Ctrepoint (in association with TCC Group) is planning the largest mixed-use development in Thailand known as One Bangkok. Due for completion in 2025, the 16.7 hectare integrated district will include residences, hotels, office space and shopping malls.
Office To Rent, Centre Point Business Center , 1811 Centre Point Circle, 60563
Later that month, the group acquired an 86.56% stake in Geba Properties NV, a real estate investment company based in Amsterdam.
It opened two warehouse facilities in Germany in October 2017, UK in November 2017. continued to add to its European portfolio with four business parks in and the acquisition of German commercial, logistics, and construction developer Alpha Industrial in February 2018.
In February 2018, the company officially changed its name from Frasers Ctrepoint Limited to Frasers Property Limited. Many of its business units outside Singapore had been using the “Frasers Property” name for many years.
Later in February, Frasers Property Group acquired an additional 26.1% stake in Thai-listed developer, TICON Industrial Connection Public Company, in which it already held a 40.95% stake. The sale triggered a tender offer for TICON’s remaining common shares.
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In May 2018, the group partnered with Singapore’s sovereign wealth fund, GIC, and subsidiary company, JustCo, to invest $177 million in building a Southeast Asian collaborative platform.
That month, it also acquired a 75% stake in Vietnam-based Phu An Khang Real Estate for $18 million.
In February 2019, the company entered into a conditional sale and purchase agreement for a 17.8% stake in PGIM Real Estate Asia Retail Fund Limited (PGIM Real Estate) for $356.4 million.
In July 2019, the company announced that it would merge Fraser Logistics and Industrial Trust’s properties and asset management operations, as well as its Australian and European industrial and logistics operations. The company announced that it will form a new strategic business unit, Fraser Property Industrial, starting in 2020.
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In February 2020, the company’s retail arm agreed to acquire Asiamalls Management, adding six properties to its portfolio.
In 2021, the company launched a $950m share sale to expand its acquisition of industrial and business parks as well as set up new property investment vehicles.
Fraser Property is made up of several business units located in Singapore, Australia, Thailand, the United Kingdom, Vietnam and China. It also operates business units for its hospitality businesses and industrial and logistics holdings. These business units also oversee the management of the group’s various REITs.
Formerly Frasers Seatpoint Singapore, the Frasers Property Singapore business unit covers development, properties and asset management in Singapore. As of 2019, the unit’s portfolio includes 22 shopping malls in Singapore including Ctrepoint, Northpoint City, Bedok Point, Causeway Point, Eastpoint Mall, Hougang Mall, Ctury Square, and others.
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Frasers Property Singapore manages Frasers Seaterpoint Trust (FCT, established in 2006) and Frasers Commercial Trust (FCOT, established following the acquisition and rebranding of Elco Commercial Trust in 2008). Both trusts are anonymously listed on the SGX-ST.
In July 2019, it was announced that FLT would be merged into a new business unit that would combine the Australian and European industrial and logistics operations. That new entity will have total assets under management of $5.4 billion and is scheduled to begin operations by the 2020 fiscal year. Frasers Property Australia executive Renee Otter was appointed CEO of the new unit.
Frasers Property also operates Frasers Property UK for its United Kingdom properties, including four business parks acquired in September 2017.
Frasers Industrial business unit develops and manages industrial properties in Australia, the Netherlands, Germany and Austria. It had assets of about S$5.4 billion
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In Europe, the company operates Dutch property group Geba Properties and German commercial, logistics, and manufacturing developer Alpha Industrial as Fraser Property Europe.
Frasers Property Thailand was previously known as TICON Industrial Connection Public Company until it was acquired in 2018 and rebranded in 2019.
Fraser moved into hospitality in the 1990s with the creation of the Fraser Place and Fraser Suites hotel and serviced residences brands. As of 2002, it had properties in London, Gland, and Seoul, South Korea.
Other brands include Fraser Residences, Moda by Fraser (based in China), and Capri by Fraser (a serviced residence built for long-term stays). In June 2015, Fraser Hospitality acquired the UK-based Malmaison and Hotel du Vin boutique hotel chains and continues to operate those brands under their original names.
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As of February 2019, the unit operates over 150 hotels and serviced residences in over 70 cities across Asia, Europe, Australia and the Middle East. It also has $4.8 billion in assets under management.
Fraser Hospitality also manages Frasers Hospitality Trust (FHT) which was established in June 2014 and began trading on SGX-ST.
It was the first global hotel and serviced accommodation trust to be listed on the main board of SGX-ST. We optimize the supply chain by acquiring, developing and managing premium industrial real estate in key markets across the country.
Our dedicated group of thinkers, innovators and leaders have the creativity and know-how to tackle the toughest challenges of the industrial real-world.
Office To Rent, , 1841 Centre Point Circle, 60563
With strategic holdings in every region of the United States, we can improve your supply chain from coast to coast. Click on a map area to view property and contact information.
From some of the nation’s busiest container ports to intermodal resources, serving major markets along the West Coast, including Los Angeles, Oakland and Seattle. We are equipped to meet a diverse set of supply chain needs. As a gateway to Asia, Canada and Mexico – not to mention domestic markets – our experts in the western United States can provide access across the region – wherever your business needs.
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