Frasers Property acquires Dutch warehouse for $39.3 mil

SINGAPORE (May 25): Frasers Property has agreed to acquire a 100% stake in Dutch-incorporated company LocMeppel BV for a consideration of 25 million euros ($39.3 million).

The acquisition will be conducted via Frasers Property's indirect subsidiary Frasers Property Investments (Europe) BV and the transaction's vendors, LocMeppel BV and Acacia BV, the latter of which owns the legal and beneficial title to the entire issued and paid-up share capital of LocMeppel BV. 

LocMeppel BV has a freehold interest in a new logistics warehouse with ancillary office space located in the industrial estate Noord II in the town of Meppel in The Netherlands, at Mandeveld 12, Meppel.

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