Frasers Property Diversified Growth
Strong leasing activity across Australia and EU
High occupancy rates with quality tenants
Realised strong leasing activity 1 with renewals and new leases of
~696,000 sqm in Australia and ~147,000 sqm in EU in FY23
.
~252,000 sqm of renewals and new leases in Australia in 4Q FY23
Macro Drivers and Industry Trends
Sustained low vacancy continues to support rental
growth albeit the rate of growth is slowing8
•
~33,000 sqm of renewals and new leases in EU in 4Q FY23
•
•
•
High occupancy with quality tenant profile
Completed the divestment of four non-core assets in Austria in November
2022 to focus resources on the core markets of Germany and the Netherlands
Acquired new asset in Alzenau, Germany (~22,000 sqm) in December 2022
An environment of sustained elevated interest rates
may lead to further yield softening, offset in part by
continued rental growth⁹
Investors are pivoting capital towards industrial
assets supported by positive fundamentals in the
sector 10
Australia Portfolio Metrics²
S$5.9 b
AUM5,6
AOR³
30 Sep 23
100.0%
30 Jun 23
99.5%
WALE4
5.3 years
4.9 years
EU Portfolio Metrics 2
30 Sep 23
S$2.9 b
AUM5,7
AOR³
97.5%
30 Jun 23
97.3%
31 Mar 23
97.3%
31 Mar 23
100.0%
5.0 years
31 Dec 22
100.0%
5.0 years
30 Sep 22
100.0%
4.8 years
30 Sep 22
97.8%
31 Dec 22
97.3%
WALE4
5.3 years
5.5 years
5.7 years
5.8 years
5.9 years
1. Includes lease renewals and new leases for industrial and logistic properties in Australia, Germany and the Netherlands in which the Group has an interest, including assets held by FLCT. 2. Reflects portfolio metrics of AUM. 3. Committed occupancy;
by NLA. 4. By income. 5. Includes properties under development as at 30 September 2023. 6. Comprises industrial and logistics property assets in Australia in which the Group has an interest, including assets held by FLCT. 7. Comprises property
assets in Germany and the Netherlands in which the Group has an interest, including assets held by FLCT. 8. cbre.com.au/insights/figures/figures-australia-industrial-and-logistics-3q23. 9.jll.com.au/en/trends-and-insights/research/asia-pacific-logistics
and-industrial-q2-2023. 10. jll.com.au/en/trends-and-insights/research/asia-pacific-capital-tracker-q2-2023.
We are Frasers Property
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