Frasers Property acquires Cuppage Terrace in Orchard Road area for S$175 million
The asset is located next to The Centrepoint, Frasers’ flagship property on Orchard Road
Frasers Property has acquired a cluster of 17 Peranakan-style shophouses known as Cuppage Terrace in the Orchard Road district for a price of S$175 million. The property, situated adjacent to Frasers' flagship Centrepoint mall, features a mix of dining, entertainment, and nightlife options. With a gross floor area of 34,678 square feet and 62 years remaining on its 99-year lease, the acquisition marks a strategic move by Frasers to enhance its assets in the busy shopping district.
The company, which holds a majority stake in the freehold front plot of Centrepoint and owns 96% of the retail units, aims to unlock synergies between the adjacent sites to contribute to the ongoing development of Orchard Road.
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