SINGAPORE (July 8): Frasers Property Limited is forming an integrated industrial and logistics platform by combining its industrial and logistics operations in Australia and Europe, and asset and property management of the group’s Singapore-listed Frasers Logistics & Industrial Trust (FLT).
The integrated industrial and logistics platform will become a business unit representing S$5.4 billion assets under management (AUM) with integrated development, asset management and third-party capital management capabilities across the group’s core industrial and logistics markets in Australia and Europe.
The integrated operating platform is expected to report as a discrete strategic business unit in FY2020. The integrated platform will be led by Reini Otter (left) as Chief Executive Officer (CEO) and Matt Knox as Chief Financial Officer (CFO), who have both been promoted from Frasers Property’s Australian operations.
Panote Sirivadhanabhakdi, group CEO of Frasers Property, says: “Our industrial and logistics business in Australia and Europe has grown rapidly over the past five years, from S$1.6 billion to S$5.4 billion. We are building upon our...(click on link for full story on theedgesingapore.com)