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Home / News / Reits

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

REITs

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

Atiqah Mokhtar Published on Mon, May 24, 2021 / 9:02 AM GMT+8

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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.

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