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

Frasers Logistics & Industrial Trust (FLT) has been rebranded as Frasers Logistics & Commercial Trust (FLCT).

The rebranding exercise comes following the merger, which saw office REIT Frasers Commercial Trust’s properties being inducted into FLT’s portfolio.

The new enlarged REIT now has a mandate to invest in logistics, industrial, commercial and business park properties.

FLCT now manages a portfolio valued at SGD5.9 billion with properties across the Asia-Pacific, Europe, and the UK.

With the merger, no single sector and geography represents more than 60% and 50% of the portfolio respectively.

Starting from 9.00am on 4 May 2020, Frasers Logistics & Commercial Trust’s trading name on the Singapore Exchange (SGX) will be “Frasers L&C Tr”.

However, the REIT’s stock code remains unchanged as “BUOU”.

“The merger brings together the strengths and capabilities of two established players in the logistics, industrial and commercial spaces”, said Robert Wallace, CEO of FLCT’s manager.

“With FLCT’s expanded management capabilities and network, we are well-positioned to offer our customers a wider suite of real estate tenancy solutions across asset classes and geographies”, he added.

Accordingly, FCOT has been removed from the SGX as at 9 am on 29 April.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.