Frasers Logistics divests 50% stake in Queensland property for $93m

Frasers Logistics divests 50% stake in Queensland property for $93m

99 Sandstone Place, Parkinson, Queensland, Australia (Source: Frasers Property Australia)

Singapore-listed Frasers Logistics & Industrial Trust (FLT) has sold 50 per cent stake in a cold storage distribution facility in Queensland for A$134.20 million ($92.69 million).

Frasers entered into a sale and purchase agreement with an entity affiliated with DWS Investment Australia Ltd (DWS) to divest the property.

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