In 2016, FPL listed Frasers Logistics and Industrial Trust (FLT). This became Frasers Logistics & Commercial Trust (SGX:BUOU
) (FLCT) following the completion of the merger between FLT and Frasers Commercial Trust.
Since its IPO in 2014, Frasers Property (SGX:TQ5) Limited (FPL) has made some deft moves. However, the most notable initiative, made under group CEO Panote Sirivadhanabhakdi when he first became a board member, was the acquisition of Australand soon after FPL was listed.
Australand provided FPL with an industrial and logistics (I&L) portfolio that enabled the group to gain a foothold in Australia ahead of other REITs and funds, long before logistics became a byword for the New Economy.
