April 23, 2012 / 11:46 PM / in 6 years

Singapore's Frasers Commercial to sell property for S$360 mln

SINGAPORE, April 24 (Reuters) - Frasers Commercial Trust , which owns office assets in Asia, said on Tuesday it will sell a Singapore commercial property to Bayfront Ventures Pte Ltd for S$360 million ($288 million).

Bayfront Ventures is a company jointly owned by Fragrance Group Ltd and World Class Land Pte Ltd, a subsidiary of Aspial Corporation Ltd.

Frasers Commercial said it will realise a gain of S$72.8 million from the sale of the property. ($1 = 1.2483 Singapore dollars) (Reporting by Charmian Kok; Editing by John Mair)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below