FLT Buys Two Australian Properties

News about Frasers Logistics & Commercial Trust

Frasers Logistics & Industrial Trust has bought 2 industrial properties for a total of A$62.6 million. Located in Queensland and NSW, the properties are both freehold .

The transaction will be financed from the divestment proceeds of 80 Hartley Street in New South Wales andLot 102 Coghlan Road in South Australia.

Frasers Logistics & Commercial Trust
Price0.995 SGD
NAV1.160 SGD
Yield (4 quarters)7.04%
Gearing32.7%