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Frasers Property, ESR acquire 4.7 ha Australia site; secures Nissan as anchor tenant

Vivienne Tay

Vivienne Tay

Published Fri, Jun 14, 2019 · 09:50 PM
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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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