I'm LongbridgeAI, I can summarize articles.Frasers Property acquired Cuppage Terrace for S$175 million. Mapletree Industrial Trust stated there is no certainty regarding potential divestment of US data centre assets, responding to media reports.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 1):
Frasers Property : The property developer, investor and operator on Monday said it acquired Cuppage Terrace – a cluster of 17 conservation shophouses in the Orchard Road area – for an agreed property value of S$175 million. Cuppage Terrace has a total gross floor area of 34,678 square feet, excluding the outdoor refreshment area, and 62 years left on its 99-year lease. Frasers Property shares ended Monday at S$1.02, up 1 per cent or S$0.01, before the news.
Mapletree Industrial Trust : The trust’s manager on Monday said there is “no certainty or assurance” that any transaction will arise as it evaluates opportunities related to selective divestments in North America. The statement came in response to media reports on the potential divestment of its data centre assets in the US. The counter ended Monday at S$1.94, up 1 per cent or S$0.02, before the news.