Over the years, Frasers Property has evolved into a multinational real estate company that owns, develops and manages a diverse, integrated portfolio of properties covering five asset classes and six REITs. Listed on the Singapore Exchange, the group’s S$33.6 billion (US$24.5 billion) in assets range from residential, retail, commercial and business parks, to industrial and logistics in Southeast Asia, Australia, Europe and China. It is also well-established in the hospitality business, where it owns and operates serviced apartments and hotels in over 70 cities.
This year, Frasers Property has focused its efforts on building a resilient and sustainable business, specifically by building up some of its key platforms.
An Integrated Industrial and Logistics Platform
In October, the group formed an integrated industrial and logistics platform, Frasers Property Industrial, combining its industrial and logistics operations in Australia and Europe that represent about S$5.4 billion (US$3.9 billion) in assets under management. Frasers Property Industrial offers modern, sustainable industrial real estate including logistics facilities, warehouses and production facilities in strategic locations across Europe and Australia. The integrated unit is also actively leveraging its strong connection with the group’s operations in Thailand, where Frasers Property Thailand is one of the nation’s largest industrial and logistics operators.
Creating Scale in Thailand
In recent months, Frasers Property Thailand completed its acquisition of 94.5% of shares in Golden Land Property Development Plc. This acquisition is an important milestone in its journey in Thailand as the two leading real estate developers come together to become a leading integrated real estate platform in Thailand, giving Frasers Property a balanced and diversified property portfolio spanning across industrial and logistics, residential, commercial and hospitality.
Frasers Property Holdings Thailand is the development manager for One Bangkok. When completed, One Bangkok is anticipated to be Thailand’s largest fully integrated district, and the group sees it becoming a new global landmark.
The group’s capabilities in mixed-use developments are not limited only to Thailand. In Singapore, its mixed-used development portfolio includes Northpoint City, which is the group’s first suburban mall as well as the largest integrated development in the north of Singapore.
In Sydney, its Central Park development’s iconic and globally award-winning architecture with public green spaces have transformed the city’s downtown since the complex’s launch in 2014.
A Leading Retail Operator in Singapore
Its retail business has also been growing rapidly. A recent move to develop a retail focused platform to realize its aspirations in Singapore demonstrates its intent to build meaningful scale in a fast-evolving local retail landscape. Frasers Property Retail has assets valued at more than S$8 billion (US$5.8 billion), which includes its retail assets across Frasers Property Singapore, its REIT, Frasers Centrepoint Trust, and the group’s strategic investments in PGIM Real Estate AsiaRetail Fund. Its retail properties are located in populous residential areas that enjoy good connectivity to Singapore’s public transportation system, giving its properties a stable footfall and healthy mall occupancy.
“Frasers Property aspires to be a world-class, multinational owner-operator-developer of real estate products in resilient markets and a provider of real estate services, complementary to our investments. As we continue to strengthen our platforms in a rapidly evolving real estate industry, we will seek ways to redefine experiences for our customers,” says Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited.