Frasers Property, a Singaporean multinational real estate and property management company, has established itself as a prominent player in the global real estate market. With a diverse portfolio that spans commercial, residential, hospitality, retail, and industrial and logistics sectors, Frasers Property is known for its expertise, authority, and trustworthiness.
Embracing a Rich History of Development
The company's journey began in 1963 as Cold Storage Limited, a market and retail chain. It quickly expanded into property development, with its first project, The Centrepoint, completed in 1983. Over the years, Frasers Property continued to grow, acquiring shopping complexes in Singapore and Australia and venturing into new markets like Vietnam and the UK.
Interior of Centrepoint Shopping Centre
Under the leadership of CEO Jeffrey Heng, Frasers Property expanded into the hospitality sector, introducing the Fraser Place and Fraser Suites hotel brands. It also made strategic moves into the UK and China, solidifying its presence in these dynamic markets.
Steadfast Commitment to Growth and Innovation
Frasers Property's growth trajectory continued with significant milestones. In 2002, it became a wholly-owned subsidiary of Fraser and Neave, which subsequently led to the establishment of real estate investment trusts (REITs), including Frasers Centrepoint Trust (FCT) and Frasers Commercial Trust (FCOT).
In 2013, Frasers Property gained independence under the broader TCC Group umbrella, listing as a separate entity on the Singapore Exchange. This move allowed Frasers Property to expand its operations globally, including acquisitions in Australia and Europe.
Expanding Footprint and Rebranding
With a renewed focus on its international presence, Frasers Property acquired properties in Europe, expanded its industrial and logistics operations, and rebranded itself as Frasers Property Limited in 2018. This change reflected the company's commitment to delivering exceptional real estate experiences in markets worldwide.
The eastern tower of One Central Park Sydney
Today, Frasers Property continues to pursue growth opportunities and invest in innovative projects. In collaboration with the Singaporean sovereign wealth fund, GIC, and coworking company, JustCo, Frasers Property is creating a Southeast Asian coworking platform. It has also expanded its presence in Vietnam and Thailand, further solidifying its position as a regional industry leader.
A Diverse Portfolio of Business Units
Frasers Property is composed of several business units that manage properties in Singapore, Australia, Thailand, the United Kingdom, Vietnam, and China. Its hospitality arm, Frasers Hospitality, operates over 150 hotels and serviced residences worldwide, offering a wide range of accommodations for both short-term and long-term stays.
In Singapore, Frasers Property manages a portfolio of 22 shopping malls, including iconic landmarks such as The Centrepoint and Northpoint City. Its property management functions are overseen by the Frasers Centrepoint Trust (FCT) and Frasers Commercial Trust (FCOT), both listed on the Singapore Exchange.
Embracing a Bright Future
As Frasers Property continues to grow and innovate, it remains committed to delivering exceptional real estate experiences and contributing to the development of vibrant communities worldwide. With its strong foundation, expansive portfolio, and commitment to excellence, Frasers Property is well-positioned to shape the future of the global real estate industry.
To learn more about Frasers Property and its exciting projects, visit their official website.
