Frasers Property, ESR acquire 4.7 ha Australia site; secures Nissan as anchor tenant
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Vivienne Tay
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Singapore
FRASERS Property said on Friday that its Australia division, along with joint venture partner ESR Australia, have acquired a 4.67 hectare site at 254 Wellington Road, Mulgrave, in Australia.
The 50-50 joint venture agreement sees property group Frasers Property securing the 245 Wellington Road site, while logistics real estate platform ESR undertakes the development, forecast to be completed by late 2025.
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