Frasers Property is composed of several business units based in Singapore, Australia, Thailand, the United Kingdom, Vietnam and China. It also operates business units for its hospitality businesses and industrial and logistics holdings. These business units also oversee the management of the group's various REITs.[34]
Frasers Property Singapore
Formerly Frasers Centrepoint Singapore, the Frasers Property Singapore business unit covers developments, assets, and property management in Singapore. As of 2019, the unit's portfolio includes 22 shopping malls in Singapore with The Centrepoint, Northpoint City, Bedok Point, Causeway Point, Eastpoint Mall, Hougang Mall, Century Square, and others.[35] It also operates various commercial properties such as Frasers Tower in the Downtown Core[36] and over 17,000 residential properties throughout Singapore under the brand name, Frasers Centrepoint Homes.[37] Frasers Property Singapore manages the Frasers Centrepoint Trust (FCT, established in 2006) and the Frasers Commercial Trust (FCOT, established in 2008 after the acquisition and rebranding of the Allco Commercial Trust). Both trusts are independently listed on the SGX-ST.[1][38]
Frasers Property Australia
Australand, an Australian property group, was acquired by Frasers Property in July 2014.[39] with Frasers taking control the following month. Australand has been in business since the 1920s.[40] The unit was rebranded as Frasers Property Australia in August 2015.[41] Its projects have included One Central Park in Sydney,[42] Australia's first carbon neutral commercial building in the Rhodes Corporate Office Park,[43] and numerous residential and land developments.[44]
Frasers Property Australia also manages the Frasers Logistics & Industrial Trust (FLT).
Frasers Property UK
Frasers Property also operates Frasers Property UK for its United Kingdom properties, which include four business parks acquired in September 2017.[49] It had a valued portfolio of $1.5 billion as of 2018.[50]
Frasers Property Industrial
Frasers Industrial business unit develops and manages industrial properties in Australia, the Netherlands, Germany and Austria. It had approximately S$5.4 billion of assets[51] under management and 133 properties across the Group's industrial and logistics markets as of December 2019.
Frasers Property International
Frasers International business unit encompasses their businesses in Europe and the rest of Asia outside of Singapore.[45] In Europe, the company operates Dutch property group Geneba Properties and German commercial, logistics, and manufacturing developer Alpha Industrial as Fraser Property Europe.[52] In Asia, Frasers Property has sub-units in China, Vietnam, and Thailand.[45] Frasers Property Thailand was previously known as TICON Industrial Connection Public Company until it was acquired in 2018 and rebranded in 2019.[27][53]
Frasers Hospitality
Frasers moved into hospitality in the 1990s with the creation of the Fraser Place and Fraser Suites hotel and serviced residence brands. By 2002, it had properties in London, England, and Seoul, South Korea.[54] Other brands include Fraser Residence, Modena by Fraser (based in China), and Capri by Fraser (a serviced residence built for long-term stays). In June 2015, Fraser Hospitality acquired the UK-based Malmaison and Hotel du Vin boutique hotel chains and have continued to operate those brands under their original names.[55]
As of February 2019, the unit operates more than 150 hotels and serviced residences in over 70 cities in Asia, Europe, Australia, and the Middle East. It also has $4.8 billion in assets under management.[45][56] Frasers Hospitality also manages the Frasers Hospitality Trust (FHT) which was established in June 2014 and began trading on the SGX-ST.
