Frasers Commercial Trust (FCOT)

[KopiKat]

Let's see whether they'll surprise us with a Scenario (4) ie. acquire new assets from their sponsor...

How about Scenario (5) purchase NOL freehold headquarter building and do an AEI to increase rental??

(Vested)

Sell one old building to buy another? See their rationale for selling KeyPoint <pg 12>,

Rationale
–34 years old building which faces design and structural obsolescence
–Only 62 years leasehold tenure remaining
–Requires a significant amount of additional capital expenditure to be spent in order to stay competitive

Not a building expert though and not sure how much AEI is required for NOL HQ but I think Scenario (5) is very remote. Unless they plan to get re-zoning approval (to include residential) and after getting it, sell it off for a hefty profit citing the same rationale. Hey! This could be a good biz model to make good additional profits...