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Frasers closes 3 Austrian logistics property purchases under €285M deal

Singapore-listed Frasers Property Ltd. completed its acquisition of three companies that own logistics properties in Austria.

The transaction forms part of Frasers' approximately €285.2 million February deal to acquire the project and asset management business of Alpha Industrial GmbH & Co. KG and 22 of its logistics and industrial assets in Germany and Austria.

Frasers said it now holds a 100% interest in Cargo Nord Object 3 GmbH & Co OG, Cargo Nord Object 10-12 GmbH & Co OG and Autolog Speditions- und Logistik GmbH & Co OG through its wholly owned units.

Cargo Nord Object 3 and Cargo Nord Object 10-12 own a 10,419-square-meter property and a 9,307-square-meter property, respectively, in Schwechat in Vienna, while Autolog Speditions owns a 29,356-square-meter property in Graz.