FLCT renews management deals with Frasers property units

The agreements maintain fee structures across Australia and overseas assets.

Frasers Logistics & Commercial Trust (FLCT) has renewed its property management arrangements with Frasers Property-linked entities under a five-year framework that maintains existing fee structures and triggers disclosure requirements under Singapore Exchange interested person transaction (IPT) rules.

FLCT said the agreements cover properties in Australia and other overseas markets and replace previous contracts that expired on 19 June.

The agreements were entered into with Frasers Property Corporate Services Pte. Ltd. for non-Australian assets and FPI Property Management Services Pty Ltd for Australian assets. Both are subsidiaries within the Frasers Property group.

FLCT said the agreements run for five years from 19 June and retain the existing fee framework, with no change to the fee formula.

Property managers will continue providing leasing, marketing and asset management services for current and future properties, including rooftop solar-related arrangements where applicable.

For rooftop assets, fees will be based on sublease contracted rent rather than gross revenue, consistent with updated contractual definitions, with safeguards to avoid duplicate charging.

FLCT said the arrangements qualify as IPTs under SGX rules as Frasers Property Limited remains a controlling unitholder and the service providers are related entities.

Based on FLCT’s latest audited net tangible assets of $4.17b as at 30 September 2025, the agreements are valued at $82.5m, or about 2% of NTA. Unitholder approval is not required, though disclosure is mandatory.

The audit, risk and compliance committee of the manager said the agreements are on normal commercial terms and not prejudicial to minority unitholders.

The Australian agreement includes updated operational provisions covering budgeting processes and limits on liability in cases involving legal compliance.

It also introduces a new termination clause allowing removal of the Australian property manager for unresolved material service failures after notice.

FLCT said the renewal ensures continuity in property management following expiry of the previous agreements on 19 June.

Follow the link for more news on

Frasers Logistics & Commercial Trust

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia