This is Frasers Logistics and Industrial Trust first divestment in the year 2019. Last year, Frasers Logistics and Industrial Trust had divested Lot 102 Coghlan Road In South Australia and 80 Hartley Street. Frasers Logistics and Industrial Trust has announced that they will divest 63-79 South Park Drive, Dandenong South, Victoria, Australia (the “Property”) at a consideration of A$17.25 million (the “Consideration”).

The Consideration is 13.1% premium to the Property’s book value of A$15.25 million and 4.5% premium to the original purchase price of A$16.5 million at Frasers Logistics and Industrial Trust IPO in 2016.

It is important what the REIT manager uses the proceeds from the divestment. Frasers Logistics and Industrial Trust mention in their press release that the net divestment proceeds may be used for funding potential acquisition opportunities, reducing existing debt and/or other general corporate purposes.

Upon completion of the proposed divestment, Frasers Logistics and Industrial