Singapore: Frasers Property expands European footprint with $354m deal

Singapore: Frasers Property expands European footprint with $354m deal

Industrial container yard in Germany.

SGX-listed Frasers Property is acquiring a property portfolio of 22 assets, owned and managed by Alpha Industrial Holding, in Luxembourg. The deal also covers the acquisition of the project and asset management business of Alpha Industrial through the purchase of the entire issued share capital of Alpha Industrial GmbH & Co in Cologne, Germany.

Both the transactions were struck for a total consideration of €285.2 million ($354.2 million), according to a stock exchange filing.

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