Pursuits
Fraser & Neave Wins S$924 Million Singapore Land Bid
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Fraser & Neave Ltd., the 130-year-old property and beverage conglomerate, won a bid for a commercial plot of land in Singapore’s central business district.
FC Commercial Trustee Pte, a subsidiary of F&N, put in the highest bid at S$924 million ($727 million), or S$11,974.18 per square meter (10.76 square feet), according to a statement by the Urban Redevelopment Authority on its website today. That was 19 percent higher than the next bidder, Euland Pte, which offered to pay S$777.78 million.