Just this morning, Frasers Logistics and Commercial Trust (FLCT) announced a proposed acquisition of 6 properties spread across the EU and UK. Just a quick summary and my thoughts here. Acquisition Targets Of the 6 properties in question, there are 5 Logistics assets and 1 Office and Business Park. Most of the properties are pretty new (5 properties less than 5 years old), with only one property (Blythe Valley Park) that had completion ranging from 2000 to 2020, likely from staggered developments. They all sit on freehold land, which is not uncommon in FLCT's existing portfolio already, and have a combined WALE of 9.1 years (shortest being 7.5 years). Out of the 6, 3 are in Germany, leaving 2 in the UK and 1 in the Netherlands. Portfolio Shift Current Portfolio Post-Acquisition Portfolio The portfolio composition doesn't shift that much with the new properties. Logistics and Industrial assets still remains the majority, and the geographical rankings all remain the same. This is because the...