Frasers Centrepoint gets foreign investment review board approval for Australand bid

Frasers Centrepoint gets foreign investment review board approval for Australand bid
Jonathan ChancellorJuly 9, 2014

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.
Tags:
Reits

Editor's Picks

AURA by Aqualand awarded Australia’s Best Residential High Rise at 2025 Asia Pacific Property Awards
Construction steaming ahead at iconic Sydney House mixed-use landmark
"A new benchmark for buyer protection" INCA takes out Resilience LDI at Ellis Residences, St Ives
Deicorp breaks ground on $1 billion Showground Pavilions in Castle Hill
Where to buy a new apartment on the Sunshine Coast in 2025