Frasers Logistics & Industrial Trust (FLT) announced that it would be expanding to Europe via acquisition of a Special Purpose Vehicle that holds interest in 21 industrial properties located in Germany and the Netherlands. FLT is a Reit that holds 61 industrial and logistic properties in Australia worth about A$1.93 billion, concentrated in major cities of Sydney, Melbourne and Brisbane. It is part of the Frasers Property Group that also owns other Reits in retail, office and hospitality sector such as Frasers Centrepoint Trust and Frasers Commercial Trust and Frasers Hospitality Trust. Predominantly Freehold Prime Properties 93% of the twenty one properties to be acquired are freehold. This means that investors need not worry about land use rights and properties value decay towards the end of the land lease. The new properties are also of significant size compared to existing properties in terms of Gross Lettable Area (GLA) and ......