Frasers Property Europe (FPE) currently has a €1.0 billion (S$ 1.6 billion*) portfolio which contains 25 logistics properties, three light industrial properties and six cross-dock facilities totalling more than two million sqm. The portfolio has an occupancy rate of over 97% and a Weighted Average Lease Expiry (WALE) of more than nine years.
Frasers Property Ltd. acquired Geneba (2017) and Alpha Industrial (2018) to form Frasers Property Europe, a 100% subsidiary. Frasers Property Ltd. is listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore.
* Exchange rate as of 4 June 2018