Frasers Logistics and Commercial Trust expands its portfolio in Germany

20 March 2024

We are pleased to announce that FLCT has acquired 89.9% stakes in a logistics portfolio of four properties for €129.5 million in Germany. 

 

The properties have a combined GLA of  72,422sqm. They are fully occupied by multinational customers like Schenker AG, DACHSER GmbH & Co . KG and Hermes Germany  GmbH. The other customers, Posagenda GmbH and TB International GmbH , are in the logistics, distribution, and consumer and retail product sectors.

 

Three of the assets are strategically located within the “Blue Banana” region which denotes the European regions with dense urban population of over 110 million and represents the corridors of Europe, passing through its two largest ports (in Belgium and the Netherlands), across the Rhine region in Germany to northern Italy. The freight and logistics market in Germany is one of the largest in Europe. 

Related News

16.12.24

Frasers Property Industrial appoints Elaine Ong as Chief Financial Officer

We are pleased to announce the appointment of Elaine Ong as our new Chief Financial Officer (CFO).

04.12.24

ARDEX Australia opens Headquarters at The YARDS

We are extremely proud to announce the opening of  ARDEX Australia’s Oceania Headquarters at The YARDS, Kemps Creek, NSW. 

27.11.24

CIP Constructions appointed to build IVE Group facility in Melbourne

Construction is set to commence soon for our long-standing customer, IVE Group, with CIP Constructions appointed as the builder for this built-to-suit facility at our 41 ha Rubix Connect estate in Melbourne’s south east.

24.11.24

Two new leasing deals secured with Fletcher Insulation

We’re thrilled to announce that Fletcher Insulation has signed two new leases with us in Victoria, marking our third transaction with the group since 2020.

18.11.24

Solar power installation begins at The Tube, Germany

Together with Sunrock, we are excited to announce the installation of a 6.7 MWp solar power system at The Tube in Düsseldorf, Germany.

It helps to stay informed and ahead.
Subscribe to our latest news.