Frasers Logistics & Commercial Trust's property at 1 Burilda Close, Sydney, Australia. (Photo: Frasers Logistics & Commercial Trust)

Prudential’s stake in Singapore-listed REIT, Frasers Logistics & Industrial Trust, has increased by 2,012,200 units.

Subsidiaries of the insurance and investment group acquired units of the REIT on the open market on 15 January.

Frasers Logistics & Industrial Trust is an Australia-focused industrial REIT with a portfolio of 61 properties across five states Down Under.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.