GLP, Frasers Hospitality, Ascendas REIT, Secura, Vard, ISDN Holdings

SINGAPORE (Sept 13): Here are some stocks that could move the market this Tuesday morning:

Global Logistic Properties, the second-largest owner of US industrial real estate, agreed to buy US$1.1 billion ($1.5 billion) of warehouses from Hillwood Development Co. GLP expects to complete a US$700 million deal for fully leased properties in December. “It’s a very high-quality portfolio,” Chuck Sullivan, COO of GLP, told Bloomberg. “We like the nature of the logistics business that the tenants are in.” Shares of GLP last traded at $1.86.

Frasers Hospitality Trust (FHT) is undertaking a rights issue to raise $266.3 million to fund the acquisition of hotel Novotel Melbourne on Collins plus 72 car park lots for a total consideration of A$237 million ($245.4 million). FHT will also issue 441.5 million new stapled securities at 60.3 cents per unit. FHT securityholders can subscribe to 32 new securities for every 100 units they hold. The issue price represents a discount of 23.7% to FHT’s closing price of 79 cents on Friday.

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