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New Deal


Announced

Frasers Logistics & Industrial Trust to merge with Frasers Commercial Trust in a $1.1bn deal.

Financials

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Transaction Value£868m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium0.6%
One Off Charge-

Tags

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Majority

Friendly

real estate investment trust

Merger

Pending

Commercial REITs

Single Bidder

Singapore

Public

Acquisition

Synopsis

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Frasers Logistics & Industrial Trust, a Singapore-listed real estate investment trust, agreed to merge with Frasers Commercial Trust, also a real estate investment trust under the Frasers Property Group, in a $1.1bn deal. "The Enlarged REIT will have a broadened investment mandate to invest in a wider spectrum of asset classes across logistics, industrial, office, business park and commercial properties," joint announcement.

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