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Frasers Property acquires Alpha Industrial's logistics business and assets for $468 mil

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Frasers Property acquires Alpha Industrial's logistics business and assets for $468 mil

Samantha Chiew Published on Mon, Feb 19, 2018 / 8:42 AM GMT+8

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SINGAPORE (Feb 19): Frasers Property is acquiring a property portfolio of 22 assets that are mainly owned and managed by Alpha Industrial Holding in Luxembourg, as well as the project and asset management business of Alpha Industrial through the purchase of 100% of Alpha Industrial GmbH & Co in Cologne, Germany.

The total consideration for the portfolio and business acquisition is €285.2 million ($467.7 million)

Alpha Industrial is a German-based logistic and industrial developer.