This article is from the Australian Property Journal archive
FRASERS Property will combine its industrial and logistics operations across Australia and Europe and its asset and property management relating to its Singapore-listed Frasers Logistics & Industrial Trust to create a S$5.4 billion integrated platform.
The new platform is expected to report as a discrete strategic business unit in FY2020, and will be led by Reini Otter as chief executive officer and Matt Knox as chief financial officer, who have both been promoted from Frasers Property’s Australian operations.
Group chief executive officer, Panote Sirivadhanabhakdi, said Frasers’ industrial and logistics business in Australia and Europe had grown rapidly over the past five years, from S$1.6 billion to S$5.4 billion.
“We are building upon our multi-national industrial and logistics capabilities to better support the group’s growing investment in this asset class for the long-term, in a focused and integrated fashion.”
“We believe this integration will allow us to better serve the needs of our customers, scale faster and more effectively through active asset creation and strategic asset management. Our growth to date has been driven by a combination of asset creation and entrepreneurial acquisitions in a core asset class for the group.”
The new platform will look to strengthen connections across Australia, Europe and south east Asia, where it will work closely with the group’s operations in Thailand.
Otter joined the Australian operations in 1998 and has held senior leadership positions within the Commercial & Industrial business in Australia for more than 15 years, most recently as executive general manager of its Commercial & Industrial and Investment Property division.
Knox has previously served as CFO for Frasers Property Australia. He has worked in Frasers Property’s Australian operations since 2007 when it was listed on the ASX as Australand Property Group, and as CFO when Frasers Property acquired Australand Property Group in 2014. He is currently chair of the finance committee for Frasers Property Europe.
