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FLCT acquires three freehold logistics and industrial properties in Australia for $65.2 mil

Felicia Tan
Felicia Tan6/11/2022 12:27 AM GMT+08  • 2 min read
FLCT acquires three freehold logistics and industrial properties in Australia for $65.2 mil
Another one of FLCT's Australian properties. Photo: FLCT
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The manager of Frasers Logistics & Commercial Trust (FLCT) has proposed to acquire three fully leased freehold logistics and industrial properties in Australia for a total consideration of A$61.0 million ($60.4 million).

The total cost of the acquisition is estimated to be A$65.9 million, which comprises the portfolio purchase price as well as the stamp duty and other fees. The acquisition will be fully funded by the divestment proceeds of Cross Street Exchange in Singapore.

The properties were acquired from an unrelated third party, West Industry Park Pty Ltd.

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