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PR Newswire
08-07-2019, 08:31 PM
Frasers Property to form integrated industrial and logistics operating platform
* Strategic business unit will combine the Group’s industrial and logistics operations in Australia and Europe in FY2020
* New executive leadership team formed, promoting Reini Otter and Matt Knox from the Group’s Australian operations
Frasers Property Limited today announced the formation of an integrated industrial and logistics platform, which will combine its industrial and logistics operations in Australia and Europe, and asset and property management in relation to the Group's Singapore-listed Frasers Logistics & Industrial Trust ("FLT"). The integrated industrial and logistics platform will become a strategic business unit representing SGD $5.4 billion1 assets under management (AUM) with integrated development, asset management and third-party capital management capabilities across the Group’s core industrial and logistics markets in Australia and Europe.
The integrated operating platform is expected to report as a discrete strategic business unit in FY2020. The integrated platform will be led by Reini Otter as Chief Executive Officer and Matt Knox as Chief Financial Officer (CFO), who have both been promoted from Frasers Property’s Australian operations.
More details in https://links.sgx.com/FileOpen/FPL_Press...eID=569502
* Strategic business unit will combine the Group’s industrial and logistics operations in Australia and Europe in FY2020
* New executive leadership team formed, promoting Reini Otter and Matt Knox from the Group’s Australian operations
Frasers Property Limited today announced the formation of an integrated industrial and logistics platform, which will combine its industrial and logistics operations in Australia and Europe, and asset and property management in relation to the Group's Singapore-listed Frasers Logistics & Industrial Trust ("FLT"). The integrated industrial and logistics platform will become a strategic business unit representing SGD $5.4 billion1 assets under management (AUM) with integrated development, asset management and third-party capital management capabilities across the Group’s core industrial and logistics markets in Australia and Europe.
The integrated operating platform is expected to report as a discrete strategic business unit in FY2020. The integrated platform will be led by Reini Otter as Chief Executive Officer and Matt Knox as Chief Financial Officer (CFO), who have both been promoted from Frasers Property’s Australian operations.
More details in https://links.sgx.com/FileOpen/FPL_Press...eID=569502
Specuvestor: Asset - Business - Structure.