Frasers Property to buy $467.7m logistics assets in Germany and Austria

It will grow the company’s property portfolio in Europe to $2.6b.

Frasers Property Limited, through Frasers Property Europe (FPE), will acquire 22 logistics assets in Germany and Austria mainly owned and managed by Alpha Industrial Holding S.A. Luxemburg for approximately $467.7m.

The assets are comprised of 16 completed logistics and light industrial facilities, with a combined Gross Leasable Area (GLA) of 393,800 sqm. Frasers Property will also acquire six logistical projects that are acquires as development and forward purchases with a GLA of approximately 162,500 sqm.

“Alpha Industrial complements our existing platform in Europe. From the business strategy perspective, Alpha Industrial has a focused strategy for growth, specialising in the development of green and brown-field properties for conversion into modern logistics and industrial facilities,” said Panote Sirivadhanabhakdi, group CEO of Frasers Property, in a press release.

The latest acquisition will grow FPE’s property portfolio to $2.6b and over 1.3m sqm of GLA.

Upon the completion of acquisition, Jörg Schröder, managing director of Alpha Industrial, will join FPE as chief investment officer.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia