Advising undisclosed buyer on the purchase of Anchorpoint shopping centre for S$110 million

The Real Estate practice group of Harry Elias Partnership is advising undisclosed buyer on the purchase of Anchorpoint shopping centre. As reported in a bourse filing, Frasers Centrepoint Trust (FCT) will divest Anchorpoint shopping centre for S$110 million to unrelated third parties. FCT's trustee entered into two sale and purchase agreements with each of the undisclosed purchasers for the proposed sale of two strata lots (together with the accessory lots) to each buyer. These lots collectively comprise the shopping centre.

Anchorpoint is a mall with a net lettable area of approximately 6,616 square metres. It comprises two retail levels (including one basement level) and an adjacent two-storey building.

Partner and Head of Real Estate Pauline Lee advised on the transaction.