Frasers Property: Proposes to dispose of stakes in four logistics properties in Germany and the Netherlands for approximately 214.9 million euros

NewTimeSpace News: Frasers Property announced on May 25 that it plans to sell its interests in four freehold logistics properties located in Germany and the Netherlands, for a total consideration of around 214.9 million euros (equivalent to approximately 321.8 million Singapore dollars).

NewTimeSpace News: On May 25, 2026, Frasers Property announced that its subsidiary has entered into a conditional share purchase agreement with FLT Europe B.V. to dispose of interests in four logistics properties across Germany and the Netherlands. The stake percentages to be sold range from 83.9% to 100%. The total consideration of 214.9 million euros will be settled in cash.

According to Frasers Property, the disposal is in line with the Group's capital recycling strategy and is expected to have no material impact on its net asset value per share and earnings per share for the current financial year.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

×
Share to WeChat

Open WeChat, use the "Scan", and share to my Moments.