Frasers Logistics and Commercial Trust (FLCT) has provided their key business and operational updates for 1QFY22 on 7th January 2022. Currently, FLCT makes up 11.74% of my stock portfolio. The business updates focuses on occupancy, acquisitions and divestments. Acquisitions and Developments On 30th November 2021,  FLCT has announced forward funding acquisition of a prime warehouse development in the UK, with a committed lease term of 15 years for a total consideration on a completed basis of £28.3 million. The acquisition is expected to complete expected in 1QFY23. The manager has also commence the development of ‘Connexion II’ at Blythe Valley Park in the UK: £23.3 million ~10,800 sqm L&I development comprising three standalone units. The development is expected to complete in 4QFY22. Divestments On 2nd December 2021, Frasers Logistics and Commercial Trust announced the divestment of a leasehold property in Port Melbourne for A$42.5 million....