Just when I thought it will be all quiet for Frasers Logistics and Industrial Trust after their recent divestment of 80 Hartley Street asset, Frasers Logistics and Industrial Trust announce another divestment today! Frasers Logistics and Industrial Trust is going to divest Lot 102 Coghlan Road in South Australia for A$8.75 million.
The consideration represents a 36.7% premium to the Property’s book value of A$6.4 million as at 30 June 2018 and a 26.8% premium to the original purchase price of A$6.9 million at Frasers Logistics and Industrial Trust’s initial public offering in 2016.
Upon completion of the proposed divestment, Frasers Logistics and Industrial Trust’s portfolio will comprise of 59 properties in Australia, 17 in Germany and 4 in the Netherlands.
