Frasers Logistics & Commercial Trust has agreed to acquire interests in four freehold logistics properties in Germany and the Netherlands for approximately €294.9 million. The portfolio is fully occupied with a 5.7-year weighted average lease expiry. Funded via external debt, the transaction is expected to increase the trust's distribution per unit and expand its total portfolio to 118 properties.
Frasers Property has named Tony Lombardo as its incoming Group Chief Operating Officer. Starting in October 2026, the former Lendlease chief will oversee investment strategy and capital deployment from Singapore. The appointment aims to streamline operations across international markets including the UK and Australia. Mr Lombardo brings three decades of experience to the role and will work closely with the Group CEO to drive long term value.
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