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BRIEF-Frasers Centrepoint Trust Proposes Acquisition Of About 33% Interest In Waterway Point

Reuters SG

June 19 (Reuters) - Frasers Centrepoint Trust:

* PROPOSES ACQUISITION OF ABOUT 33% INTEREST IN WATERWAY POINT

* PROPOSED ACQUISITION IS EXPECTED TO BE FY18 DPU ACCRETIVE, INCREASING DPU FROM 12.015 CENTS TO 12.091 CENTS

* CONSIDERATION FOR PROPOSED PROPERTY ACQUISITION IS S$240.8 MILLION

* DEAL INCLUDES VENDOR'S 33% SHARE OF UNITHOLDERS’ LOAN PREVIOUSLY EXTENDED BY UNITHOLDERS OF SAPPHIRE STAR TRUST TO SST

* INTENDS TO FUND ACQUISITION & FEE BY EQUITY FUND RAISING Source text for Eikon: Further company coverage: