Frasers Logistics raises $188m through private placement

Frasers Logistics raises $188m through private placement

The new properties have 100-per cent occupancy, with quality tenants including Hermes, Bosch, Kentner, FDM, and Edeka. Photo from company presentation.

Frasers Logistics & Industrial Trust (FLT), Singapore Mainboard-listed logistics-focused real estate investment trust, hasraised gross proceeds of S$258.10 million ($188.27 million) through a private placement of 220 million units priced at S$1.173 ($0.860) per unit.

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