Frasers Property (formerly: Frasers Cpt (FCL))

[greengiraffe]

http://infopub.sgx.com/FileOpen/06_FCL_S...eID=370189

GG: The announcement today clears it. Book value of its 19.9% stake is s$90m, but will be sold for s$112M to ascendas

Thanks buddy... the JV only sold 14 assets out of the total 26 to AREIT

The implications are wider and far reaching not only for FCL but the entire ind prop sector Down Under and of course there would be a good benchmark should FCL decides to list the unit individually either on ASX or SGX...

http://www.frasersproperty.com.au/Our-Pr...Industrial

EXPLORE OUR INDUSTRIAL PROPERTIES.

More than 3,000,000 sqm of warehouse space and developable land.

Frasers Property is a leader in industrial property development and management in Australia. We develop over 400,000 sqm of industrial space annually and maintain an industrial investment property portfolio in excess of $1 billion.

Much of our success is due to our ability to provide complete development and management solutions from design to occupation, utilising in-house design, construction, legal and property management services, and to our commitment to deliver a great result every time.

Explore the user friendly website:

The unit currently has the following number of ind prop in:

NSW 16, VIC 27, QLD 16, SA 7 and WA 1

Of which the following units for for sale/lease:

NSW 3, VIC 4, QLD 6, SA 3.

This is not counting the landbank for the C&I unit...

How to value this unit?

Gong Gong