Frasers Property Limited (FPL) has announced its results for the half year ended 31 March 2025 (“1HFY25").
Frasers Property Industrial results show strong pipeline performance, backed by resilient demand driving long-term value creation in core markets.
Frasers Property Industrial reports profit before interest and tax (“PBIT”) of S$201.9 million (A$240.7 million & EUR 139.0 million) for 1H FY25, with assets under management of S$12.0 billion (A$14.3 billion & EUR 8.2 billion).
Key performance highlights as at 31 March 2025:
- Frasers Property Industrial’s assets under management valued at S$12.0 billion (A$14.3 billion)
- Frasers Property Industrial’s total assets under management comprises 182 completed properties across five countries, equating to 4.9 million sqm of net lettable area (NLA):
- Australia:
- Non-REIT portfolio consisting of 49 completed assets with a total value of S$2.9 billion (A$3.5 billion)
- Europe:
- Non-REIT portfolio consisting of 19 completed assets with a total value of S$0.9 billion (A$1.1 billion)
- Frasers Property Industrial’s robust development pipeline, with recent completions across Australia and Europe reinforcing its long-term growth strategy and ability to deliver high-quality, future-focused industrial solutions:
- Completed five projects totalling ~232,000 sqm
- NSW: ~65,000 sqm across two properties at The YARDS
- VIC: ~53,000 sqm at Rubix Connect
- Germany: ~78,000 at The Tube
- The Netherlands: ~36,000 at The Anchor
- Strategic landbank totalling 2.6 million sqm located in prime areas drives long-term value creation in core markets.
- Continued progress in development pipeline with 10 assets under development totalling ~257,000 sqm
- VIC: ~89,000 sqm
- NSW: ~34,000 sqm
- QLD: ~16,000 sqm
- The Netherlands: ~46,000 sqm
- Germany: ~72,000 sqm
- Realised strong leasing performance with new leases and renewals totalling ~503,100 sqm, comprising ~247,000 sqm in Australia and ~256,100 sqm in Europe.
- In April 2025 a new capital partnership was established with Morgan Stanley Real Estate Investing (“MSREI”) which involves a 50-50 joint venture for a portfolio of eight core industrial assets across Sydney and Brisbane.
Reini Otter, Chief Executive Officer, Frasers Property Industrial said:
“At Frasers Property Industrial, our ability to consistently deliver high-quality and sustainable industrial spaces is at the core of our success. This approach has driven strong leasing momentum across both Australia and Europe, reinforcing our position as a trusted partner in the industrial property market. Our customer-centric focus continues to allow us to foster long-lasting relationships that enable future growth.
In the first half of FY25, we have successfully leased over 500,000 sqm, reflecting our portfolio's ongoing strength and the industrial sector's resilience. Demand for premium, future-ready assets remains robust, particularly in core markets where supply constraints and high barriers to entry continue to provide a competitive edge.
As we look ahead, we remain committed to enhancing our sustainability efforts. We have already installed over 32 MW of solar energy across our portfolio, with an additional 14.1 MW in new installations planned for FY25-26. This commitment is integral to our decarbonisation journey in support of our customer's operational efficiency.
Our recent joint venture with Morgan Stanley Real Estate Investing, marking our first capital partnership in Australia, further strengthens our position. This partnership provides additional resources to expand our portfolio and continue delivering value to our stakeholders.
With Australia's and Europe's industrial and logistics markets continuing to demonstrate resilience, we are well-positioned for sustained growth and remain excited about the opportunities ahead and the continued momentum in our core markets.”
Read the full announcement from Frasers Property Limited here: 1H FY25
.svg)
.jpg)
