Singapore's Frasers Property Retail set to acquire AsiaMalls Management

Singapore's Frasers Property Retail set to acquire AsiaMalls Management

Centuary Square, one of AsiaMall's managed retail malls. Photo from AsiaMall's website.

SGX-listed Frasers Property announced Monday that its business unit has entered into an agreement to acquire AsiaMalls Management, the manager of a portfolio for five retail malls and one office tower in Singapore, for an undisclosed amount.