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Merger eyed for Frasers Logistics and Frasers Commercial Trust: report

The combined company will manage almost 100 properties worth $4b.

Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to sources privy on the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace, according to Bloomberg.

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

Sources who refused to be named relayed that the deal would be at the least, the fourth among Singapore-listed REITs this year.

CapitaLand Ltd. kicked things off in January, striking a $6b (US$4.4b) deal with Temasek Holdings Pte for Ascendas Pte and Singbridge Pte, whilst in April, OUE Commercial REIT agreed to buy OUE Hospitality Trust to create one of Singapore’s 10 biggest REITs.

Read the full report here.
 

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