News about Frasers Logistics & Commercial Trust —
Frasers Logistics and Commercial Trust is announcing the acquisition of a warehouse project in Worcester, UK. At a price of £28.3 million (about S$51.5 million), the freehold property is pre-let to a flooring distributor for a 15 year period. Completion of the development is expected for Q1 2023.
The trust will fund the operation through debt or internal resources.