Frasers Commercial Trust upgraded to 'buy' with portfolio expansion into Europe
Michelle Zhu • • 3 min read
SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.
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SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.
This follows the trust’s recent entry into a 50:50 joint venture (JV) with its sponsor to acquire Farnborough Business Park (FBP) in the UK for $314.8 million, marking FCOT’s first stop in expanding its investment mandate to Europe.
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