FLCT Adds Commercial Property in Victoria, Australia

News about Frasers Logistics & Commercial Trust

Frasers Logistics & Commercial Trust is announcing the purchase of a mixed commercial property in Mount Waverley (Victoria, Australia) for A$60.25 million (or about S$58.4 million). The building has retail space on the ground floor and four floors of office space above it, and is fully occupied with a WALE of 5.0 years.

The Acquisition will be funded from the previous sale of Cross Street Exchange (in Singapore).

Frasers Logistics & Commercial Trust
Price1.350 SGD
NAV1.320 SGD
Yield (4 quarters)5.73%
Gearing33.1%