Frasers Property Australia to develop over S$205 mil worth of new assets

SINGAPORE (July 25): Frasers Property Australia says it is developing over A$190 million (RM645 million) worth of new assets in terms of end-asset value in The Key Industrial Park and West Park Industrial Estate in Melbourne’s Keysborough district and Truganina city, respectively.

The Australian property division of Mainboard-listed Frasers Centrepoint Limited (FCL) says this due to “unprecedented demand” which it has witnessed for new warehouses in its two Melbourne industrial parks in recent months.