Frasers Logistics acquires 2 Aussie prime properties for $62 mil

By PC Lee / The Edge Singapore | September 3, 2018 3:37 PM SGT
SINGAPORE (Aug 31): The manager of Frasers Logistics & Industrial Trust (FLT) is planning to acquire two prime industrial properties in Australia from its sponsor for A$62.6 million ($62 million).
The two properties are respectively located at 3 Burilda Close, Wetherill Park, New South Wales and 103-131 Wayne Goss Drive, Berrinba, Queensland.
The total NPI yield of the two properties is estimated to be 6.5%.
Read more on The Edge Singapore.