Frasers Centrepoint acquires two warehouses in Germany

Singapore

FRASERS Centrepoint Limited (FCL) is entrenching its presence in Germany further with the acquisition of three companies that hold two warehouse facilities in Germany.

In a late night regulatory filing on Tuesday, FCL said its indirect subsidiary Frasers Property Investments (Europe) has, through wholly owned subsidiaries, entered into a conditional sale and purchase agreement to acquire three companies in Germany for 42.4 million euros (about S$67.83 million).