FSL Looking to Buy 21 Euro Properties

in Company news

Frasers Logistics & Industrial Trust, which until now was only invested in Australia, is looking to buy 17 industrial and logistic properties in Germany and 4 in the Netherlands, for a total of 603.9M € in appraised value. The properties come with a 100% occupancy rate and long 8.0 years WALE by Gross Rental Income.

Funding will be done by both raising equity (private placement and public offer to current unit holders) as well as borrowings.