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Frasers Logistics & Commercial Trust Second-Half DPU Down 6.6%

Nov 4, 2023 – Frasers Logistics & Commercial Trust (FLCT) reported revenue of S$212.8 million and adjusted net property Income of S$155.5 million for the six months ended September 30, 2023, representing decreases of 0.8% and 4.0% respectively, from S$214.5 million and S$162.1 million in the same period last year. The year-on-year decreases were mainly due […]

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IREIT Global’s Preferential Offering 134.8% Subscribed, Raising S$75.9 Million

July 15, 2023 – IREIT Global, a Europe-focused real estate investment trust, said its preferentially offering raised S$75.9 million, which will be used to fund the acquisition 17 retail properties located across France that are let to B&M France SAS, a unit of European discount retailer B&M Group. The preferential offering units of 186,098,518 units

IREIT Global’s Preferential Offering 134.8% Subscribed, Raising S$75.9 Million Read More »

IREIT Global Secures Lease Extension With 45% Rental Increase At Berlin Campus

July 15, 2023 – The manager of IREIT Global, a Europe-focused real estate investment trust, said it has secured a 6-month lease extension with a long-term main tenant, Deutsche Rentenversicherung Bund, at Berlin Campus. As at March 31, 2023, the lease with DRV constitutes about 24% of IREIT’s total gross rental income. Berlin Campus is a freehold property

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IREIT Buys 17 Retail Properties in France For €76.8 Million

June 2, 2023 – IREIT Global, which focuses on European real estate, has agreed to buy 17 properties across France for €76.8 million (S$112.2 million). The properties has a total gross lettable area  of 61,756 square metres and an overall occupancy rate of 100%, along with a weighted average lease expiry (WALE) by gross rental income of approximately 6.8 years as

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Frasers Logistics & Commercial Trust H1 To March DPU Down 8.6%, Sees Uncertain Outlook

May 13 – Frasers Logistics & Commercial Trust (FLCT) reported revenue of S$208.0 million and adjusted Net Property Income of S$155.9 million for the first half to March 2023, representing decreases of 11.7% and 13.4% respectively, from S$235.7 million and S$180.1 million in the corresponding financial period, its manager said in a statement. The year-on-year

Frasers Logistics & Commercial Trust H1 To March DPU Down 8.6%, Sees Uncertain Outlook Read More »