Singapore, 119958 Its purchase price is about A$22.5 million ($22.2 million) under the proposed deal.Frasers Property's subsidiary on Monday inked an asset sale and purchase agreement with FLCT for the Australian property. However, the situation remains dynamic with ongoing uncertainty as to the impact it may have on the countries FLCT has a presence in," the manager said.Adjusted net property income increased 77 per cent on the year to $78 million from $44.1 million, while distributable income grew 83.5 per cent to $61.1 million from $33.3 million.Portfolio performance was stable during the quarter and there was proactive lease management, with new leases and renewals amounting to 134,669 sq m of space or 5.2 per cent of the Reit's lettable area.

SINGAPORE (BLOOMBERG) - Frasers Logistics & Industrial Trust has agreed to buy Frasers Commercial Trust in a $1.54 billion deal, giving it greater ammunition to make acquisitions amid a … But a log-in is still required for our PDFs.Share gift link below with your friends and family.They can read the article in full after signing up for a free account.All done!

The acquisition has been covered by other sites such as Seedly and Investment Moats, so I won’t cover it in too much detail. FLCT's occupancy rate stood at 97.2 per cent, and the weighted average lease expiry was 5.2 years.FLCT has proposed to acquire a logistics property in the Australian state of Victoria and a business park in Thames Valley in Britain for a total of about $89.9 million in cash from Frasers Property.Both freehold properties are fully occupied, and the acquisitions are targeted to be completed by September 2020.FLCT's manager intends to finance the total transaction cost through internal resources and/or existing debt facilities.Frasers Property said in a separate announcement that the proposed divestments are in line with the group's strategy to recycle capital from stabilised investment properties via its real estate investment trusts (Reits). New name is aligned to the broadened investment mandate of the Enlarged REIT 1 comprising logistics, industrial, commercial and business park properties; Transformational merger has created a diversified portfolio valued at S$5.9 billion 2 . The acquisition will be $0.151 in cash and 1.233 FLT units per FCOT unit. Portfolio review .

The amount is broken down into two parts: 1) cash consideration; and 2) consideration units. The British business park is "strategically" located in the largest regional economy outside of London and in a high-tech region in Britain, the manager said.In addition, the proposed transactions are expected to be accretive and will contribute to stable and regular distributions to FLCT's unit holders, the manager added.The British property, named Maxis Business Park, is situated along Western Road, Bracknell.

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As for the British property, Frasers Property Holdco (Jersey) 2 entered into a share purchase agreement with parties, including a subsidiary of FLCT's trustee, to divest its entire equity interests in the company, which wholly owns the business park.Separately, FLCT is planning to sell its remaining 50 per cent interest in a cold storage facility at 99 Sandstone Place in Queensland, Australia, for A$152.5 million.The facility's existing co-owner, which is managed by DWS Investments Australia, has signed a contract of sale with the trustee of a FLCT sub-trust.This property comprises a cross-dock, regional distribution facility with 3,285 sq m of office accommodation and 50,960 sq m of cold storage and ancillary warehousing. This article is now fully available for youPlease verify your e-mail to read this subscriber-only article in fullThe gift link for this subscriber-only article has expired.Get unlimited access to The Straits Times and more at S$ 0.99/month.You have reached your limit of subscriber-only articles this month Under the cash portion, S$0.151 in cash will be paid out for each Frasers Commercial Trust unit. #21-00 Alexandra Point Until we resolve the issues, subscribers need not log in to access ST Digital articles. SINGAPORE, 29 APRIL 2020 .

As at 30 September 2017, it has six properties located in Singapore and Australia valued at S$2.1 billion.

Frasers Commercial Trust. 2 Page Portfolio review 3 Asset details 10. SingaporeWBL CORP. CIRCULAR ON STL'S OFFER - KPMG RECOMMENDS REJECTION

Here are the 14 things you need to know about Frasers Commercial Trust …

4 1. All rights reserved We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Frasers Logistics & Industrial Trust is proposing to pay S$1.68 per unit of Frasers Commercial Trust. The estimated purchase price for this property is £37.7 million ($67.7 million), which is the sum of a share consideration of about £18.6 million and a loan consideration of £19.1 million.The Australian logistics property is located at 75-79 Canterbury Road, Braeside, in Victoria.