Frasers Property to buy $467.7m logistics assets in Germany and Austria

It will grow the company’s property portfolio in Europe to $2.6b.

Frasers Property Limited, through Frasers Property Europe (FPE), will acquire 22 logistics assets in Germany and Austria mainly owned and managed by Alpha Industrial Holding S.A. Luxemburg for approximately $467.7m.

The assets are comprised of 16 completed logistics and light industrial facilities, with a combined Gross Leasable Area (GLA) of 393,800 sqm. Frasers Property will also acquire six logistical projects that are acquires as development and forward purchases with a GLA of approximately 162,500 sqm.

“Alpha Industrial complements our existing platform in Europe. From the business strategy perspective, Alpha Industrial has a focused strategy for growth, specialising in the development of green and brown-field properties for conversion into modern logistics and industrial facilities,” said Panote Sirivadhanabhakdi, group CEO of Frasers Property, in a press release.

The latest acquisition will grow FPE’s property portfolio to $2.6b and over 1.3m sqm of GLA.

Upon the completion of acquisition, Jörg Schröder, managing director of Alpha Industrial, will join FPE as chief investment officer.

Also Read

Singapore and Netherlands to establish container tracking service

Singapore, Australia launch maritime decarbonisation plan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit