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Frasers Property to buy German, Austrian logistics assets

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Published Mon, Feb 19, 2018 · 09:50 PM

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Singapore

FRASERS Property is set to acquire 22 logistics and light industrial assets in Germany and Austria mainly owned and managed by developer Alpha Industrial for 282.5 million euros (S$460.5 million).

The assets include 16 completed logistics and light industrial facilities, with a combined gross leasable area (GLA) of 393,800 square metres that are located in key industrial and logistics hubs in Germany and Austria.

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