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FLCT acquires six properties in Europe and UK for $549 mil, launches private placement to raise $300 mil

Atiqah Mokhtar
Atiqah Mokhtar5/24/2021 9:2 AM GMT+08  • 2 min read
FLCT acquires six properties in Europe and UK for $549 mil, launches private placement to raise $300 mil
Four of the properties are being acquired from sponsor Frasers Property.
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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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