FLCT manager in talks for potential acquisition in UK

FRASERS Logistics & Commercial Asset Management, the manager of Frasers Logistics & Commercial Trust (FLCT), is now in talks for potential acquisitions of assets in the United Kingdom.

However, it stated in a regulatory filing on Tuesday that there is no certainty that any deal will arise from these discussions.

It was responding to a news report headlined "Singaporean buyer leads £1 billion UK business park rush" about a possible acquisition of a major office and logistics park in the Midlands, UK.

The manager reviews acquisition opportunities to enhance unitholder value as part of FLCT's business and may from time to time enter into discussions with vendors for potential acquisitions of assets, it stated.

Noting its disclosure obligations, an appropriate announcement will be made to the Singapore Exchange if there is a material development, the manager added.

FLCT units were unchanged at S$1.40 at Tuesday close, before this response was issued.

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