The property is a cold storage distribution facility, which is currently leased to Coles Group. It has a total gross lettable area of 54,245 sqm and occupies a site of 155,300 sqm.
SINGAPORE (June 13): The manager of Frasers Logistics & Industrial Trust (FLT) announced that it has through its wholly-owned sub-trust, divested 50% of its interest in the property at 99 Sandstone Place, Parkinson, Queensland, Australia, for a consideration of A$134.2 million ($127.2 million).
The purchaser is an entity managed by DWS, a global real estate investment manager.
