Frasers Logistics and Industrial Trust is back into action to acquire more properties. Today, the manager of Frasers Logistics and Industrial Trust has announced the proposed acquisition of 12 properties in Germany and Australia for A$644.7 million (approximately S$612.5 million).
Here are some information on the New Properties and the acquisition:
- The New Properties are 100% freehold and strategically located within the major logistics hubs of Germany and Australia.
- The New Properties have 100% occupancy with a long WALE (“Weighted Average Lease Expiry”) of 8.6 years.
- There is a mixture of quality tenants ranging from logistics services, automotive, food logistics and industrial manufacturing. All of the leases to these tenants have consumer price index linked indexation or fixed escalations.
- Funding for the Purchase Consideration will be via a combination of equity and borrowings.
Based on the current share price of ...
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