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SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding


SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding
Source: Frasers Logistics & Commercial Asset Management
May 25, 2021
Frasers Logistics & Commercial Trust has bought six properties in Europe in a bid to capitalise on the e-commerce-driven demand for the logistics space. In a separate development, medical device maker Genesis MedTech Group raised an undisclosed amount in its Series B round led by private equity firm General Atlantic. 
Frasers Logistics Trust invests in Europe
Frasers Logistics & Commercial Trust has bought six properties in Europe in a bid to capitalise on the e-commerce-driven demand for the logistics space.
The trust will acquire three freehold warehouses in Germany and one in the Netherlands from its sponsor Fraser Property, and two freehold warehouses in the UK. ....

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Bayne's The Family Baker set to open first drive-thru | News


An artist’s impression of the new site
Scottish bakery Bayne’s the Family Baker is to open its first ‘drive-up and drive-thru’ site.
The £1m purpose-built facility, which is being developed by Fraser Property, is expected to open in November 2021.
Occupying a 0.8 acre plot at Hillington Park, Scotland’s largest business estate, the 1,635 sq ft project will include 32 parking spaces.
It will be based in an amenity zone located close to Junction 26 on the M8 motorway.
The expansion, which will create 14 jobs, builds on the third-generation bakery’s 59 other shops, which operate across Scotland from Dundee down to Haddington and across to Glasgow. ....

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Ascendas REIT Buying 1-5 Thomas Holt Drive in Sydney


1 Thomas Holt Drive was named best business park redevelopment by the Property Council of Australia in 2015
Ascendas REIT has added a fifth Australian office park asset to its portfolio, as the Singapore-listed trust bets on continued demand for suburban commercial assets in the wake of the COVID-19 pandemic.
Ascendas Funds Management, which manages the $9.7 billion trust, announced to the Singapore exchange on Friday that it has agreed to purchase 1-5 Thomas Holt Drive in Sydney’s Macquarie Park area from a fund managed by property investment firm AMP Capital for A$288.9 million.
“We are continuing to expand our suburban office portfolio in Australia as affordable satellite hubs such as Macquarie Park remain attractive for companies seeking to decentralise from the central business district (CBD),” said Ascendas REIT chief executive William Tay in a statement. ....

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