Frasers Property Industrial further expands European pipeline with new acquisition in Landsberg

• Acquisition of a 4.7-hectare site in the Leipzig-Halle region
• The plan is to develop a 27,400 m² modern logistics property in three units on a speculative basis
• Expected completion in the 1st quarter of 2025

Caption: Frasers Property Industrial is planning to develop a modern logistics property in Landsberg, Saxony-Anhalt. Copyright: Frasers Property Industrial.

Frasers Property Industrial has acquired another development site as part of its European growth strategy. The site is located at Max-Planck-Ring 19 in Landsberg, Saxony-Anhalt, and covers an area of 4.7 hectares. The site is located in the heart of the leading logistics region Leipzig-Halle, 10 km east of the city of Halle, and is authorised for 24-hour operation.

As one of Germany's best-known industrial areas, with a 15-minute drive to Leipzig-Halle Airport and a 30-minute drive to the city of Leipzig, the site offers an attractive proposition for logistics service providers, trades and local last-mile deliveries - with access to the A14 motorway just 1.5 km away.

Frasers Property Industrial is planning to develop a 27,400 m² modern logistics property with 1,200 m² of office space and 2,800 m² of mezzanine space. Due to its flexible utilisation, the property is suitable for both single and multiple users.

As part of a sustainable project development, Frasers Property Industrial is aiming to achieve gold certification from the German Sustainable Building Council (DGNB) and is relying on smart metering, an energy-efficient façade with EG40-compliant insulation, a gas-free heating system, e-charging stations for cars and a planned photovoltaic (PV) system. The landscaping will be developed to Frasers Property Industrial's high standards and will include recreational areas such as a 150 m² barbecue area with picnic tables, 20 bicycle racks and sanitary facilities for lorry drivers.

Alexander Heubes, Managing Director Europe at Frasers Property Industrial, comments: "We are delighted with this acquisition and the opportunity for another strategic new development. The Leipzig-Halle region is an established hub with significant growth potential. We are confident that we will be able to offer our future customers a sustainable location with the planned new development in order to utilise the region's potential in the long term."

Subject to the planning process and planning permission, the property is expected to be completed by the end of the first quarter of 2025. Letting enquiries can be directed to Simon Federau, Senior Manager Business Development at Frasers Property Industrial: simon.federau@frasersproperty.com

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 €27.8 billion (S$40.1 billion) as at 31 March 2023.

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 €7.7 billion (S$11.1 billion) of assets under management as at 31 March 2023 and has integrated development, asset management and third-party capital management capabilities in the Group's industrial and logistics markets in Australia, Germany and the Netherlands.

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 €4.8 billion (S€6.8 billion) comprising 107 logistics, industrial and commercial properties in five developed markets - Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT is funded by the Group and operated by Frasers Logistics & Commercial Asset Management Pte. Ltd.

For more information about Frasers Property Industrial, please visit 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 €27.8 billion (S$40.1 billion) as at 31 March 2023.

Frasers Property's multinational businesses span across five asset classes, namely residential, retail, industrial and business parks, industrial and logistics, and hospitality. The Group operates in Southeast 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 one 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 is committed to creating 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 frasersproperty.com or follow us on LinkedIn.
 
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