Basic Profile & Key Statistics
- Main Sector(s): Office, Industrial & Logistics
- Country(s) with Assets: Australia, Singapore, Germany, England & Netherlands
- of Properties (exclude development/associate/fund): 101
Performance Highlight
Gross revenue, NPI, distributable income and DPU have improved yoy due to full contribution from the 6 properties in Germany, the Netherlands and the United Kingdom that acquired in 2021 but partially offset by divestment of Sandstone Place and 3 properties in South Australia.
Rental Reversion
Portfolio rental reversion is at -6.4% based on final year rent of outgoing lease versus first-year rent of incoming lease. It would be +2.6% based on the average rent of incoming lease versus average rent of the outgoing lease.
Acquisition, Divestment & Development
On January, FLCT has completed the acquisition of the land for prime warehouse development, which the development is target to complete by early 2023. The development of ‘Connexion II’ at Blythe Valley Park in the UK is ongoing and target to complete by end 2022. FLCT has divested the Cross Street Exchange at 28.3%...
