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Singaporean REIT expands European footprint with €295m logistics deal

Frasers Logistics & Commercial Trust, a Singapore-listed real estate investment trust, said its manager has entered into agreements to acquire interests in four property holding companies that own logistics assets in Germany and the Netherlands for approximately €294.9 million ($441.5 million Singapore dollars), as the REIT expands its logistics and industrial portfolio in Europe.

FLCT increases logistics and industrial allocation to 76.6%.

CRE Herald

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