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Frasers Logistics buys nearly S$1b in European properties

In its first foray into Europe, it buys 17 German properties and four Dutch ones to gain market prominence

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The Transgourmet facility in Ulm is one of 17 properties in Germany bought by FLT, which still counts Australia as a key market.

Singapore

FRASERS Logistics & Industrial Trust (FLT) is making its first foray into Europe with the acquisition of 21 German and Dutch properties worth 596.8 million euros (S$972.8 million).

At a media briefing on Friday, Robert Wallace, chief executive of Frasers Logistics

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