SGX:BUOU

4 stories mentioning SGX:BUOUUpdated just now

Every FINWIRES story that references SGX:BUOU, newest first.

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

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.

SGX:BUOU

Asia27d ago

Frasers Property to Divest Stakes in European Properties for EUR215 Million

Frasers Property's (SGX:TQ5) subsidiaries, Frasers Property Investments (Europe) and FPE Investments RE11, signed a conditional share purchase agreement with FLT Europe to divest their stakes in four property holding companies in Germany and the Netherlands for 214.9 million euros in cash.Shares of the property developer were down nearly 1% in Tuesday trading.FLT Europe is a subsidiary of Frasers Logistics & Commercial Trust (SGX:BUOU), while the four property holding companies own four logistics properties, according to a Monday bourse filing.The disposal is part of the company's strategy to recycle capital to optimize capital productivity.

SGX:BUOUSGX:TQ5

Asia48d ago

Frasers Logistics & Commercial Trust's DPU Down 1.7% in Fiscal H1

Frasers Logistics & Commercial Trust's (SGX:BUOU) distribution per unit or DPU fell 1.7% during the fiscal first half ended March 31 to SG$0.0295 from SG$0.03 a year earlier, according to a Tuesday filing with the Singapore Exchange.Distributable income fell by 1% to SG$111.9 million from SG$113.0 million.Adjusted net property income rose 3.6% to SG$167 million from SG$161.3 million in the year-ago period.Revenue was up 2.8% year over year to SG$238.9 million from SG$232.3 million.Overall portfolio occupancy stood at 96.1%, backed a weighted average lease expiry of 4.9 years.

SGX:BUOU

Asia66d ago

Frasers Logistics & Commercial Trust to Acquire Logistics Asset in Netherlands

Frasers Logistics & Commercial Trust (SGX:BUOU) agreed to acquire a freehold logistics property located at Haper, the Netherlands for 43 million euros from VDG Property Development 10, according to a Thursday filing with the Singapore Exchange.The property spans a gross lettable area of 25,603 square meters and is fully leased to DSV Air & Sea Nederland.Following the completion of the acquisition, the trust's portfolio will comprise 114 properties valued at around SG$7 billion.

SGX:BUOU

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