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.

The Key Industrial Park offers direct access to Eastlink, while West Park Industrial... (Click here to read the full story.)

For more stories, download pullout here for free.

  1. Al-‘Aqar to dispose of Australia Jeta Gardens Aged Care Facility for A$24mil cash
  2. Al-Aqar REIT’s 3Q net income falls on lower net income from Australia segment
  3. UEM Sunrise unit buys 1.22-acre Perth land for RM66m to build apartments