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Frasers Logistics proposed toehold in Europe ticks all the right boxes, says CIMB

PC Lee
PC Lee4/23/2018 12:49 PM GMT+08  • 2 min read
Frasers Logistics proposed toehold in Europe ticks all the right boxes, says CIMB
SINGAPORE (Apr 23): CIMB says Frasers Logistics & Industrial Trust (FLT) planned acquisition of German and Dutch properties "tick all the right boxes".
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SINGAPORE (Apr 23): CIMB says Frasers Logistics & Industrial Trust (FLT) planned acquisition of German and Dutch properties "tick all the right boxes".

FLT has proposed the acquisition of 21 industrial properties in Germany and the Netherlands for $972.8 million with an entry NPI yield of 5.5%.

The portfolio is predominantly freehold, 100% occupied, has quality tenancy covenants and enjoys long WALE of eight years.

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