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United States FLCT to acquire 89.9% interest in four properties from Frasers Property at S$188.9 mil
17 Mar 2024
The Edge Malaysia
The manager of Frasers Logistics & Commercial Trust (FLCT) has agreed to acquire an 89.9% stake in the equity interests in the property-owning companies which hold four logistics properties located in Germany.
SINGAPORE: The manager of Frasers Logistics & Commercial Trust (FLCT) has agreed to acquire an 89.9% stake in the equity interests in the property-owning companies which hold four logistics properties located in Germany.
The agreed property purchase price for the new properties is €129.5 million (S$188.9 million) representing a discount of 5.3% and 1.1% to the appraised value by Colliers and CBRE respectively.
