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FLCT to sell stake in facility, buy 2 properties

Published Tue, Aug 4, 2020 · 09:50 PM
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Singapore

FRASERS Logistics & Commercial Trust (FLCT) is looking to acquire two properties in Australia and the UK from its sponsor Frasers Property, as well as sell its remaining half stake in a cold storage facility in Australia, said the trust's manager, which also released an update saying that the coronavirus pandemic has not had a material impact on FLCT's portfolio.

In a bourse filing late Monday night, FLCT announced a proposal to acqu…

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