SINGAPORE (July 25): Frasers Property Australia says it is developing over A$190 million ($205 million) worth of new assets in terms of end-asset value in The Key Industrial Park and West Park Industrial Estate in Melbourne’s Keysborough district and Truganina city, respectively.

The Australian property division of Mainboard-listed Frasers Centrepoint Limited (FCL) says this due to “unprecedented demand” which it has witnessed for new warehouses its two Melbourne industrial parks in recent months.

The Key Industrial Park offers direct access to Eastlink, while West Park Industrial Estate comprises approximately 320 hectares of industrial land wholly owned and developed by Frasers Property.

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