Frasers Property Industrial expands European portfolio with property acquisition in Alzenau

Property with approx. 4.1 ha in the Frankfurt am Main metropolitan region
Acquisition to expand the European portfolio in Germany's top logistics region
Completed property to reflect modern and sustainable industrial standards

Caption: View of the acquired property in Alzenau. Reproduction free of charge, Copyright: Frasers Property Industrial.

COLOGNE, 06 FEBRUARY 2023

Frasers Property Industrial, a project developer of industrial and commercial property, has acquired a commercial site of around 4.1 hectares in Alzenau in the district of Aschaffenburg to expand its strategic land bank in Europe. The development plan envisages the creation of three state-of-the-art industrial units totalling 21,400 m2.

The site is located in the Brentanostrasse industrial estate in the north-west of the small town in Lower Franconia, close to the Bavarian-Hessian border and the Frankfurt am Main metropolitan region. In this highly sought-after region with important infrastructural hubs and good public transport connections, just 50 kilometres east of Frankfurt Airport, there are only a few sites available for industrial use. The site is only 1.8 kilometres from the A45 motorway and 13 kilometres from the A3 motorway, so there are good transport connections in all directions in Germany, including to the relevant border regions.

Colliers International Deutschland GmbH was involved in the acquisition in an advisory capacity.

Alexander Heubes, Managing Director Europe of Frasers Property Industrial, comments on the property acquisition in Alzenau as follows: "We want to continue to provide our clients with attractive space in the core regions of Germany. The site in Alzenau therefore harbours great potential for our European portfolio. The availability of space for logistics and industrial use in central locations continues to decrease; however, demand is continuously increasing, which is why the revitalisation of brownfield sites is part of our European growth strategy. As part of the development and future operation of the industrial and business park, Frasers Property Industrial is committed to high sustainability standards and aims to operate the property in a CO2-neutral manner."

The current land acquisition expands Frasers Property Industrial's strategic land bank in Europe and Australia to over 2.4 million square metres. The Alzenau site represents a valuable addition to the portfolio in the Frankfurt region, with other Frasers Property Industrial properties located in Egelsbach, Hanau, Obertshausen and Dreieich.

About Frasers Property Industrial

Frasers Property Industrial is a strategic business unit of Singapore SGX-listed Frasers Property Limited (together with its subsidiaries, the "Group"), a multinational company that owns, develops and manages a diverse and integrated property portfolio with total assets of approximately €28.6 billion as at 30 September 2022.

Frasers Property Industrial owns and manages industrial and logistics properties in Australia and Europe, and its portfolio includes logistics centres, warehouses and manufacturing facilities in strategic locations. Frasers Property Industrial has approximately €8.0 billion of assets under management as at 30 September 2022 and has integrated development, asset management and third party capital management capabilities in the Group's industrial and logistics markets in Australia, Germany, the Netherlands and Austria.

In addition, Frasers Property Industrial provides property management services for the logistics and industrial properties of Frasers Logistics & Commercial Trust ("FLCT") in the largest logistics and industrial markets of Australia, Germany and the Netherlands. FLCT is a REIT (Real Estate Investment Trust) listed on the Singapore Exchange, SGX, with a portfolio valued at approximately EUR 4.8 billion, comprising 105 logistics, industrial and commercial properties in five developed markets - Australia, Singapore, the United Kingdom and the Netherlands. FLCT is financed by the Group and operated by Frasers Logistics & Commercial Asset Management Pte. Ltd.

For more information about Frasers Property Industrial, please visit www.FrasersPropertyIndustrial.com or follow us on LinkedIn.

About Frasers Property Limited

Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Frasers Property Group" or the "Group") is a multinational developer, owner and operator of property products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately €28.6 billion as at 30 September 2022.

Frasers Property's multinational businesses span five asset classes, namely residential, retail, commercial and business parks, industrial and logistics, and hospitality. The Group operates in South East Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced flats and hotels in over 70 cities and 20 countries in Asia, Australia, Europe, the Middle East and Africa.

Frasers Property is also the sponsor of two real estate investment trusts ("REITs") and a stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust specialise in retail and industrial and commercial properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust specialising in hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which focuses on industrial and logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which focuses on commercial properties.

The Group endeavours to create inspiring environments and places for the well-being of its customers and partners. By acting progressively, producing and consuming responsibly and focussing on people, Frasers Property strives to strengthen sustainability thinking throughout its value chain and build a more resilient business. Frasers Property is committed to being a carbon-free company by 2050. Building on its heritage and utilising its knowledge and skills, the Group strives to create lasting shared value for its employees, the businesses and communities it serves. Frasers Property believes in the diversity of its people and is committed to fostering a progressive, collaborative and respectful culture.

For more information about Frasers Property, please visit www.frasersproperty.com or follow us on LinkedIn.

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