Frasers launches international platform for logistics properties
Frasers Property is founding a new unit for the logistics property business in Australia and Europe, which will at the same time act as asset and property manager for the Frasers Logistics & Industrial Trust (FLT) REIT listed at the Singapore exchange. The internationally active Frasers Property Industrial & Logistics will also be responsible for the development business and capital management for third parties, the company states. The new platform will report as a separate strategic business unit starting 2020. All in all, it manages assets worth the equivalent of about €3.5bn, among them the German properties taken over from Alpha Industrial and Geneba in 2017 and 2018. The new platform is run by Reini Otter (CEO) and Matt Knox (CFO), who previously managed the group’s Australian business activities. The German Frasers properties were managed by the platform Frasers Property Europe (FPE), which until recently was run by former Geneba manager Wulf Meinel.
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