Singaporean-based Frasers Centrepoint is on the expansion path, which could include a $900 million spin-off of its Australian logistics and industrial assets into a  new trust. 
No decision has been made to proceed with a new real estate investment trust, but the group said "applications have been made to the various regulatory authorities, including the Singapore Stock Exchange and Monetary Authority of Singapore".
If it come to fruition it will include  a portfolio of Australian logistics and industrial assets, with an estimated value of about $S900 million ($895 million).
Frasers Property Australia's chief executive Rod Fehring???, said a range of ownership options were being considered for  assets and developments. Part of this strategy is the sale of its half share of Freshwater in Melbourne's Southbank with GPT for an estimated $300 million and the  recent sale of the logistics and business park, known as the Satellite Corporate Centre in Mulgrave to Stockland for $87.6 million.
The speculation was made as Frasers reported a 32.7 per cent dip in first-half profits, due to timing issues from residential settlements and other development profits that will be recognised in the second half.
Mr Fehring said the company traditionally has a skew to the second half of the financial year, which ends on   September 30.
The first-half profit for Frasers Centrepoint, which took over the Australian Australand business, was $S221.9 million compared to $S329.9 million. The revenue was $S1.6 billion, up 3.7 per cent from the previous corresponding $1.5 billion.
An interim dividend of S2.4&cent; was declared.
"In Australia, FPA has acquired a new site in Queensland that can yield 1350 residential units, and has released around 2000 units over the course of the first half of the 2016 financial year, with another 1850 to be released in the second half," Mr Fehring said.
"The lower interest rates will help the residential business, although Perth remains challenging. Sydney and particularly Melbourne, have been strong and we will look to our 16,000-lot portfolio to support the sector for the five to seven years."
But he did add that price growth will abate, in line with the comments made by other developers such as Mirvac and Stockland.
"Our default levels remain at between 1 to 2 per cent and we have extended the settlement period, due to the tightening by the banks for financing. Our overseas investors average between 15 to 30 per cent for the whole portfolio and we have not seen a rise in defaults from them," he said.
Mr Fehring said FPA would also look at redeveloping sites with mixed-use retail offerings such as it plans for its  Edmondson Park Town Centre.
"This will include food courts, entertainment and will be close to public transport, as people are attracted to places of congregation," Mr Fehring said.
He added the demand for prime-grade industrial assets is strong and yields for secondary grade ones are firming.
"Investment demand for office assets remains strong and the FPA investment property portfolio enjoys a 98 per cent occupancy rate and a weighted average lease expiry of around five years," Mr Fehring said.