Key facts
- Frasers Property is selling four European logistics properties.
- The sale price is €294.9 million ($343 million).
- The buyer is Frasers Logistics & Commercial Trust (FLCT).
- Frasers Property is controlled by Thai billionaire Charoen Sirivadhanabhakdi.
- The deal aims to recycle capital.
- The deal aims to support the REIT's growth.
Frasers Property, an entity under the control of Thai billionaire Charoen Sirivadhanabhakdi, is divesting four logistics properties located in Europe. The sale is being conducted for a sum of €294.9 million, which equates to approximately $343 million. The buyer in this transaction is Frasers Logistics & Commercial Trust (FLCT), a unit of Frasers Property. This strategic move is designed to facilitate capital recycling, enabling Frasers Property to reallocate resources effectively. Furthermore, the sale is intended to support the continued growth and expansion of the REIT. By divesting these assets, Frasers Property aims to unlock capital that can be reinvested into new opportunities and strategic developments within its broader portfolio, thereby enhancing its overall financial flexibility and market position.