Singapore's Frasers Property Retail set to acquire AsiaMalls Management

SGX-listed Frasers Property announced Monday that its business unit has entered into an agreement to acquire AsiaMalls Management, the manager of a portfolio for five retail malls and one office tower in Singapore, for an undisclosed amount.

In a disclosure, Frasers Property said its strategic business unit, Frasers Property Retail, will acquire the property manager, which manages retail malls Century Square, Hougang Mall, Tampines 1, Tiong Bahru Plaza, White Sands, and one office tower.

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