Working at Frasers Property Singapore: Company Culture, Benefits, and Leadership

Frasers Property, a Singaporean multinational in real estate and property management, its headquartered in Singapore. Their diverse portfolio includes commercial, residential, hospitality, retail, and industrial sectors, reflecting a commitment to creating positive experiences and impactful spaces. The company values collaboration, innovation, respect, and authenticity. In this article, we'll delve into the history, work environment, benefits, leadership, and values at Frasers Property with Aniday.

General Information

Frasers Property is a Singaporean multinational real estate and property management company with a global presence. Headquartered in Singapore and listed on the SGX-ST, it develops, owns, and manages properties in commercial, residential, hospitality, retail, and industrial sectors. The company sponsors real estate investment trusts (REITs), including one stapled trust, with two listed on the SGX-ST.

Company History 

• 1963–1996: Foundation to Fraser and Neave Acquisition

In 1963, Cold Storage Limited, later Frasers Property, was established. The Centrepoint was its first property (1983). Acquired by Fraser and Neave in 1987, it became Centrepoint Properties Limited (CPL) in 1988. CPL joined Fraser and Neave in 1990, expanding globally.

• 1996–2013: Expansion, REITs, Delisting

G.H. Darwin retired in 1996. Under Jeffrey Heng, FCL expanded into hospitality. In 2002, CPL became a Fraser and Neave subsidiary. Lim Ee Seng led FCL from 2004, rebranding it. FCL launched Frasers Centrepoint Trust (FCT) and acquired stakes in REITs, growing assets from $5 billion to $16.89 billion.

• 2014–2017: TCC Group Acquisition to Global Expansion

In 2013, TCC Group acquired Fraser and Neave. FCL relisted in 2014, introducing Frasers Hospitality Trust (FHT) and Frasers Logistics and Industrial Trust (FLT). It acquired Australand, expanded into Thailand, and added to its European portfolio.

• 2018–Present: Rebrand and Continued Acquisitions

In 2018, FCL rebranded as Frasers Property Limited. It acquired stakes, partnered with a coworking platform, and merged operations. In 2020, it acquired AsiaMalls Management. A $950 million share sale in 2021 fueled acquisitions and new property investments.

Frasers Property Group Overview

Frasers Property Singapore

• Manages developments, assets, and properties in Singapore.

• The portfolio includes 22 shopping malls, commercial properties, and over 17,000 residential properties.

Frasers Property Australia

• Acquired Australand in July 2014 and rebranded as Frasers Property Australia.

• Managed Frasers Logistics & Industrial Trust (FLT) and merged Australia and Europe's industrial and logistics operations in 2019.

Frasers Property UK

• Operates in the United Kingdom with a valued portfolio of $1.5 billion as of 2018.

• Includes four business parks acquired in September 2017.

Frasers Property International

• Encompasses businesses in Europe and Asia outside Singapore.

• Operates in China, Vietnam, and Thailand.

• Frasers Property Thailand was previously TICON Industrial Connection Public Company, rebranded in 2019.

Frasers Hospitality

• Entered hospitality in the 1990s with Fraser Place and Fraser Suites brands.

• Manages over 150 hotels and serviced residences worldwide.

• Operates Frasers Hospitality Trust (FHT) with $4.8 billion in assets under management as of February 2019.

Company Culture 

Creating positive and impactful encounters, shaping spaces for the better. Their shared goal of delivering significant experiences to others is the foundation of their dedication to collaboration, innovation, respect, and authenticity.

Collaborative

Success hinges on teamwork, where individuals both challenge and support one another. Partnerships extend to colleagues, customers, and stakeholders to generate shared value. The exchange of expertise is encouraged, and input from others is actively sought.

Progressive

A spirit of curiosity propels them to explore innovative opportunities. Their approach is characterized by energy, purposefulness, and a proactive stance, prioritizing adaptability in the face of change.

Respectful

Central to their ethos is profound respect for both customers and themselves. They prioritize listening and understanding, placing trust in each other's expertise. Appreciation for commitment and recognition of the need for balance in individual lives are core values.

Authentic

The authenticity of their dealings defines their actions. They champion diversity, uphold ethical practices, take ownership, and willingly accept accountability. Their mantra is to be what they do.

Employee benefits

Led by their Purpose, they are committed to continually evolving as a resilient, diversified, and future-ready business. Their focus is on delivering experiences and outcomes that prioritize safety, health, inclusivity, and sustainability. The pivotal role played by their People remains essential in achieving these outcomes.

Learning & Development (L&D) plays a crucial role in Frasers Property's comprehensive human capital and talent management strategy, supporting the Group's growth and long-term sustainability. This initiative is spearheaded by their Learning Academy.

Investing in Learning & Development is a priority for them, ensuring employees possess the necessary capabilities to facilitate Frasers Property's expansion as a multinational company.

• Salary: Competitive, performance-based compensation packages aligned with qualifications, experience, job size, and skill sets. Regular reviews ensure alignment with market trends.

• Bonus: Performance bonus, Annual Wage Supplement, Long Service Award. Proft-Sharing Bonus.

• Leave Policy: Annual Leave, Sick Leave, Paid Holidays, Compassionate Leave, Child Care Leave, Marriage Leave, Shared Parental Leave.

• Retirement and Savings: Employee Savings or Retirement Plans. 

• Employee Recognition: Recognition programs or awards for outstanding performance.

• Development: Education/Training/Tuition/Certification Reimbursement.

• Others: Health Insurance, Travel Insurance, Accident Insurance, Health Screening, Wellness Program, Flexible Work Arrangements, Staff Discount

Company Leadership

• Charoen Sirivadhanabhakdi - Non-Executive and Non-Independent Chairman: a prominent Thai business magnate and investor, is the founder of Thai Beverage. Additionally, he serves as the chairman of the conglomerates TCC Group and Fraser and Neave, Ltd.

• Panote Sirivadhanabhakdi - Group CEO and Executive Director: holds board positions in various listed companies, such as Thai Beverage Public Company Limited, Golden Land Property Development Public Company Limited, and Univentures Public Company Limited. In the recent past, he assumed a board director role at the National Gallery Singapore.

• Chin Yoke Choong - Non-Executive and Lead Independent Director: is a seasoned business professional who has led six different companies. Currently, he serves as the Chairman of the Singapore Housing & Development Board.

Conclusion 

In conclusion, here are the insights into Frasers Property Singapore given by Aniday. All in all, Frasers Property is a global real estate and property management company headquartered in Singapore. With a diverse portfolio, they are committed to creating positive experiences and shaping spaces through collaboration, innovation, respect, and authenticity.