(Nov 28): Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace.

The combined company will manage almost 100 properties worth US$4 billion ($5.5 billion) across Singapore, Australia and Europe, including warehouses, offices and business parks, according to their websites.

The people declined to be named as the information is still private.

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