Frasers Logistics & Commercial Trust (FLCT) has bought a logistics property in the Netherlands for €43m.
The manager of FLCT said the purchase price of the asset in Hapert represented a slight discount to the independent valuation of €44.45m as at 28 February 2026.
The modern asset is fully leased to a global logistics provider.
The deal lifts FLCT’s exposure in the Netherlands from 5.5% to 6.4%.
Anthea Lee, chief executive officer of the REIT Manager, said the DPU-accretive acquisition of the newly completed, prime freehold logistics facility in the Netherlands represents a complementary addition to its logistics and industrial portfolio.
“The property’s strong fundamentals, including having a 100% occupancy rate with a long weighted average lease to expiry of 9.5 years”, Lee added.
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