Deals
Frasers Logistics, Frasers Commercial Trust Are Planning to Merge
- Any combined company will manage almost 100 properties
- Consolidation among Singapore REITs gathers pace this year
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Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among Singapore’s real-estate investment trusts gathers pace.
A combined company would manage almost 100 properties worth $4 billion across Singapore, Australia and Europe, including warehouses, offices and business parks, according to their websites. An announcement on the deal could come within days, one of the people said, declining to be named as the information is still private.