Frasers Property facts for kids
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Formerly
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| Public | |
| Traded as | SGX: TQ5 |
| Industry | Real estate |
| Founded | 1963 |
| Headquarters | Singapore |
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Areas served
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Key people
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Charoen Sirivadhanabhakdi (Chairman) Panote Sirivadhanabhakdi (CEO) |
| Owner | TCC Group (2013-present) |
| Subsidiaries |
Subsidiaries
Frasers Property Australia
Frasers Property Singapore Frasers Property Hospitality Frasers Property Industrial Frasers Property International (Europe and rest of Asia) |
Frasers Property is a big company from Singapore that works with buildings and land all over the world. They build, own, and manage many different types of properties. These include homes, shops, offices, hotels, and places for factories and warehouses. The company's main office is in Singapore. Its shares are traded on the Singapore Exchange, which is like a big marketplace for company shares. Frasers Property also helps manage special investment funds called real estate investment trusts (REITs). These funds own properties and allow many people to invest in them.
History of Frasers Property
Early Years (1963–1996)
The company started in 1963. Back then, it was called Cold Storage Limited and was a chain of supermarkets. Their first big building project was a shopping mall in Singapore called The Centrepoint. Construction on this mall began in 1980 and finished in 1983.
In the 1980s, the company started to focus more on property. In 1988, the property part of Cold Storage became its own company, called Centrepoint Properties Limited (CPL). It also started trading its shares on the Singapore Exchange. By 1990, CPL became part of a larger company called Fraser and Neave. At that time, CPL mainly owned and ran The Centrepoint mall.
Over the next few years, CPL grew. They opened another shopping mall in Singapore called Northpoint. They also bought a shopping mall in Sydney, Australia, called Bridgepoint. In 1994, CPL started its first home project, The Anchorage, which was a group of apartments in Singapore. In 1996, they began their first business building project in Vietnam, a tall office and retail tower in Ho Chi Minh City.
In 1996, the company also started to get into the hotel business. They launched hotel brands like Fraser Place and Fraser Suites. The first of these hotels opened in Singapore in 1998. Soon, they had hotels in the UK, South Korea, and the Philippines. The company also built homes in the United Kingdom starting in 2000. Their first project in China was in Shanghai in 2001.
Growth and New Investments (1996–2013)
In 2002, Centrepoint Properties became fully owned by Fraser and Neave. This meant its shares were no longer traded on the Singapore Exchange. In 2006, the company changed its name to Frasers Centrepoint Limited (FCL).
FCL also created its first Real estate investment trust (REIT) called Frasers Centrepoint Trust (FCT). This trust was listed on the Singapore Exchange. In 2008, FCL also took over another REIT, which was renamed Frasers Commercial Trust (FCOT). Between 2005 and 2014, FCL's total assets grew a lot, from about $5 billion to nearly $17 billion.
In 2013, a big company from Thailand called TCC Group bought Fraser and Neave. Later that year, it was decided that FCL would become a separate company again. Its shares would be listed on the Singapore Exchange, but it would still be part of the larger TCC Group.
Becoming Independent and Expanding (2014–2017)
Frasers Centrepoint Limited started trading on the Singapore Exchange again on January 9, 2014, after almost 12 years. In 2014, FCL launched another trust called Frasers Hospitality Trust (FHT), which focuses on hotels and serviced apartments. This trust is also listed on the Singapore Exchange. Another trust, Frasers Logistics and Industrial Trust (FLT), was launched in 2016.
In July 2014, Frasers Centrepoint bought a big property company in Australia called Australand. Australand was later renamed Frasers Property Australia in 2015. In 2016, the company also bought a part of a development company in Thailand called Golden Land.
In October 2016, Panote Sirivadhanabhakdi became the new CEO of Frasers Centrepoint. In April 2017, Frasers Centrepoint announced a huge project in Thailand called One Bangkok. This project, planned to be finished by 2025, will be a large area with homes, hotels, offices, and shops.
Later in 2017, the company bought a big part of Geneba Properties NV, a real estate company in Amsterdam. They also bought warehouses in Germany and business parks in the U.K.
New Name and More Growth (2018–Present)
In February 2018, the company officially changed its name from Frasers Centrepoint Limited to Frasers Property Limited. Many of its businesses outside Singapore had already been using the "Frasers Property" name.
Frasers Property continued to grow. They bought more shares in a Thai company called TICON Industrial Connection Public Company. TICON was later renamed Frasers Property Thailand in 2019. In May 2018, the company also teamed up with a Singaporean investment fund, GIC, and a shared office space company, JustCo. They planned to invest in creating shared office spaces in Southeast Asia.
In 2019, the company decided to combine its industrial and logistics businesses in Australia and Europe. This created a new business unit called Frasers Property Industrial, which started in 2020. In 2020, their retail part bought AsiaMalls Management, adding six more shopping centers to its collection.
In 2021, the company sold shares to raise money. This money would help them buy more industrial buildings and business parks.
What Frasers Property Does
Frasers Property has several main business groups around the world. These groups are based in Singapore, Australia, Thailand, the United Kingdom, Vietnam, and China. They also have special groups for their hotels and for their industrial buildings like warehouses. These groups also manage the company's different REITs.
Frasers Property Singapore
This part of the company handles all the building and property management in Singapore. As of 2019, they manage 22 shopping malls in Singapore. These include popular malls like The Centrepoint, Northpoint City, and Causeway Point. They also manage many office buildings and over 17,000 homes across Singapore. Frasers Property Singapore manages the Frasers Centrepoint Trust (FCT) and the Frasers Commercial Trust (FCOT). Both of these trusts are listed on the Singapore Exchange.
Frasers Property Australia
Frasers Property bought an Australian property company called Australand in 2014. Australand had been in business since the 1920s. It was renamed Frasers Property Australia in 2015. Some of their projects include One Central Park in Sydney. This building is known for being Australia's first "carbon neutral" commercial building, meaning it tries to have no negative impact on the environment. They also build many homes and land developments.
Frasers Property Australia also manages the Frasers Logistics & Industrial Trust (FLT). This trust was launched in 2016. In 2019, it was announced that FLT would be part of a new business unit that combines industrial and logistics operations from Australia and Europe.
In 2024, Frasers Property Australia teamed up with another company, ESR Australia. They bought a large piece of land in Melbourne to build a big industrial area.
Frasers Property UK
Frasers Property also has a business unit for its properties in the United Kingdom. This includes four business parks they bought in 2017. As of 2018, their properties in the UK were valued at about $1.5 billion.
Frasers Property Industrial
This part of Frasers Property builds and manages industrial buildings like warehouses and factories. They work in Australia, the Netherlands, Germany, and Austria. As of December 2019, they managed about 133 properties.
Frasers Property International
This business unit covers Frasers Property's work in Europe and other parts of Asia outside of Singapore. In Europe, they operate companies like Geneba Properties and Alpha Industrial. In Asia, they have businesses in China, Vietnam, and Thailand. Frasers Property Thailand used to be called TICON Industrial Connection Public Company until Frasers Property bought it in 2018.
Frasers Hospitality
Frasers Property got into the hotel business in the 1990s. They created the Fraser Place and Fraser Suites brands, which offer hotels and special apartments for longer stays. By 2002, they had properties in London, England, and Seoul, South Korea. Other brands include Fraser Residence and Capri by Fraser, which is designed for long-term stays. In 2015, Frasers Hospitality bought two hotel chains in the UK called Malmaison and Hotel du Vin. They still operate these hotels under their original names.
As of February 2019, this part of the company runs over 150 hotels and serviced apartments. These are located in more than 70 cities across Asia, Europe, Australia, and the Middle East. Frasers Hospitality also manages the Frasers Hospitality Trust (FHT). This trust was started in 2014 and was the first trust focused on hotels and serviced apartments worldwide to be listed on the Singapore Exchange.
Images for kids
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Interior of Centrepoint Shopping Centre in 2006.
