Frasers merges two Singapore REITs in $1.1b deal

Frasers merges two Singapore REITs in $1.1b deal

Frasers Tower. Source: Frasers Property

Frasers Logistics & Industrial Trust has agreed to buy Frasers Commercial Trust in an S$1.5 billion ($1.1 billion) deal, giving it greater ammunition to make acquisitions amid a spate of consolidation among Singapore’s real estate investment trusts.

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