Frasers buys logistics facilities in Germany

Frasers Property Europe (FPE), part of Singapore-incorporated Frasers Centrepoint, has purchased four logistics facilities in Germany.

Financial details were not disclosed.

The four properties, sold by UK REIT Segro, consist of over 85,000 m2 lettable area and have a weighted average lease expiry (WALE) of five and a half years. They are leased to international logistics companies.

Three properties are located in the federal state of Saarland. The fourth property is located in the German regional state Baden-Württemberg.


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