Frasers Centrepoint Limited (FCL) Australian property unit Australand has been renamed Frasers Property Australia, adopting the international Frasers Property brand, says the Singapore-listed developer.
FCL acquired Australand almost a year ago. Operating under the Frasers Property brand will mean covering the business' residential, commercial, retail and industrial developments and assets in Australia, says CEO Rod Fehring.
Fehring has succeeded Bon Johnston as CEO earlier this month. He also announced a new senior management team drawn from senior staff within the organisation. The Australian business is trading well with 167,500 sqm of commercial and industrial space under development, a portfolio of investment properties valued at A$2.7 billion ($2.7 billion), and unrecognised residential revenue of A$1.5 billion.
Frasers Property Australia won the tender for the Edmondson Park Town Centre in Sydney last week, the second major residential site secured since it was acquired by FCL. The Edmondson project boosts its Frasers Property Australia's land bank to 15,330 units.
FCL closed at $1.56 on Friday.
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FCL acquired Australand almost a year ago. Operating under the Frasers Property brand will mean covering the business' residential, commercial, retail and industrial developments and assets in Australia, says CEO Rod Fehring.
Fehring has succeeded Bon Johnston as CEO earlier this month. He also announced a new senior management team drawn from senior staff within the organisation. The Australian business is trading well with 167,500 sqm of commercial and industrial space under development, a portfolio of investment properties valued at A$2.7 billion ($2.7 billion), and unrecognised residential revenue of A$1.5 billion.
Frasers Property Australia won the tender for the Edmondson Park Town Centre in Sydney last week, the second major residential site secured since it was acquired by FCL. The Edmondson project boosts its Frasers Property Australia's land bank to 15,330 units.
FCL closed at $1.56 on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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