Frasers Logistics & Commercial Trust (FLCT) plans to acquire six freehold properties located in Germany, the Netherlands, and the UK for a total purchase price of approximately $548.7 million.
They include three logistics and industrial assets in Germany and one in the Netherlands which are being purchased from Frasers Property, FLCT’s sponsor.
The remaining two properties - a business park and a logistic and industrial property - are located in the UK and are being purchased from subsidiaries of I.M. Properties, a vendor unrelated to FLCT.
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