Expert insights Investing Frasers Centrepoint gets foreign investment review board approval for Australand bid
Frasers Centrepoint gets foreign investment review board approval for Australand bid
Jonathan ChancellorDecember 7, 2020
Frasers Centrepoint has secured Australian Foreign Investment Review Board approval for its $2.6 billion bid for Australand.
FCL advised last night it has received a "statement of no objections" from the FIRB in relation to its proposed acquisition.
The Singapore-listed property giant recently trumped a competing offer from Stockland Corp for Australand.
FCL, whose main shareholder is Thai billionaire Charoen Sirivadhanabhakdi, is one of the Singapore's biggest property companies.
Australand, which was once majority owned by CapitaLand, has residential, commercial and industrial property projects.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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