Frasers Logistics & Commercial Trust (BUOU) said on Jun, 19 2026 that it has entered into two new master property management agreements effective from Jun, 19 2026 for a five-year term.
The first agreement, struck with Frasers Property Corporate Services, covers all assets outside Australia, while the second, with FPI Property Management Services, relates to properties in Australia. Both contracts replace pacts expiring on the same date and largely retain existing fee structures.
For properties with rooftop solar installations, the overseas agreement introduces specific management, marketing and administrative fees tied to sublease revenue; no fees will be charged on the underlying rooftop lease to avoid double counting.
The total value of the two agreements is estimated at 82.5 million Singapore dollars, equal to 2.0 % of FLCT’s latest audited net tangible assets of 4.17 billion Singapore dollars as at Sep, 30 2025. As the figure is below the 5 % threshold, unitholder approval is not required under Singapore Exchange rules, though the transactions are classified as interested person transactions because both property managers are subsidiaries of Frasers Property Limited, FLCT’s controlling unitholder.
The trust’s audit, risk and compliance committee stated that the agreements are on normal commercial terms and not prejudicial to minority unitholders. FLCT’s manager said the arrangements secure continuity and operational stability for its portfolio.
Comments