The manager of Frasers Logistics and Commercial Trust (FLCT) has invested in a forward funding acquisition of a prime freehold warehouse development in Worcester, West Midlands, in the UK on Nov 30.

The agreement was signed by FLCT’s wholly-owned subsidiary, Worcester Property Co Limited with Stoford (Worcester) to fund the development of the new facility.

The all-in maximum consideration for the proposed acquisition on a completed basis is £28.3 million ($51.5 million).

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