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Frasers Logistics & Commercial Trust Signs Five-Year Property Management Deals

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Frasers Logistics & Commercial Trust (SGX:BUOU) signed two five-year property management agreements, according to a Friday filing with the Singapore Exchange.

Shares of the trust were down over 2% in Monday trading.

The trust signed agreements with subsidiaries, Frasers Property Corporate Services, to handle its non-Australian properties, and FPI Property Management Services to cover its Australian portfolio.

The key change from the prior agreements is the inclusion of fee provisions for rooftop solar power facilities.

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