Frasers Logistics Trust to Sell Property for S$90.5m

in Company news

FLT is selling a property at 80 Hartley Street in New South Wales (Australia) for A$90.5 million (about S$90.5 million)

The sale consideration represents a 40.3% premium above the book value of the property of A$64.5 million as at March 31 and a 39.2% premium over the original purchase price paid by FLT of A$65.0 million when the property was acquired during FLT’s listing in 2016.