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Frasers Logistics acquires 2 Aussie prime properties for $62 mil

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Frasers Logistics acquires 2 Aussie prime properties for $62 mil

PC Lee Published on Fri, Aug 31, 2018 / 8:02 PM GMT+8

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SINGAPORE (Aug 31): The manager of Frasers Logistics & Industrial Trust (FLT) is planning to acquire two prime industrial properties in Australia from its sponsor for A$62.6 million ($62 million).

The two properties are respectively located at 3 Burilda Close, Wetherill Park, New South Wales and 103-131 Wayne Goss Drive, Berrinba, Queensland.

The total NPI yield of the two properties is estimated to be 6.5%.