Frasers Logistics, Frasers Commercial Trust planning to merge: Sources | / Property news / Frasers Logistics, Frasers Commercial Trust planning to merge: Sources

Frasers Logistics, Frasers Commercial Trust planning to merge: Sources

Fresh property news selection on November 28. 2019, Thursday.

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Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among Singapore's real-estate investment trusts (Reits) gathers pace.

The combined company will manage almost 100 properties worth U$4 billion across Singapore, Australia and Europe, including warehouses, offices and business parks, according to their websites.

The people declined to be named as the information is still private.

A deal would be at the least the fourth among Singapore-listed REITs this year. CapitaLand kicked things off in January, striking a $6 billion deal with Temasek Holdings for Ascendas and Singbridge.

In April, OUE Commercial Reit agreed to buy OUE Hospitality Trust to create one of Singapore's 10 biggest Reits. Then in July, Ascott Residence Trust and Ascendas Hospitality Trust agreed to create the largest hospitality trust in the Asia-Pacific region, with $7.6 billion of assets comprising serviced residences and hotels.

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