At around this time last year, FLT makes 7 Aussie assets acquisition and added them into their portfolio of the logistics predominantly located in parts of Australia. This time round, they've gone a lot bigger by deciding to acquire 21 industrial properties, comprising of 17 properties in Germany and 4 properties in Netherlands which has a predominantly freehold land tenure. The appraised value for these properties is valued at S$984.4m by independent valuers, and the agreed purchase price is at S$972.8m. This represents approximately 1.2% discount to the appraised value of the properties. After deducting for the liabilities and debt facilities of the holding company, the purchase consideration after net is approximately around $515.4m. This is the amount that FLT has to come up with to acquire the 21 assets. Assets Portfolio The assets are spread across the different cities of Germany and Netherlands, with predominantly ...