Frasers Property to merge industrial and logistics units

The platform will represent $5.4b of assets under management.

Frasers Property will merge its industrial and logistics operations in Australia and Europe,and asset and property management in relation to the group’s Frasers Logistics & Industrial Trust (FLT) into a new strategic business unit.

This will represent $5.4b of assets under management (AUM) with integrated development, asset management and third-party capital management capabilities across the firm’s core industrial and logistics markets in Australia and Europe.

The integrated operating platform is expected to report in FY2020. The integrated platform will be led by Reini Otter as the platform’s CEO and Matt Knox as its Chief Financial Officer (CFO), who have both been promoted from Frasers Property’s Australian operations.

In Southeast Asia, it will be working closely with the group’s operations in Thailand.

“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 multi-national industrial and logistics capabilities to better support the Group’s growing investment in this asset class for the long-term, in a focused and integrated fashion,” said Group CEO Panote Sirivadhanabhakdi.