Frasers Property Industrial - Comprehensive Analysis Report
Summary
Frasers Property Industrial is a prominent multinational developer, owner, and manager of industrial and logistics properties, extending its operations across Asia, Australia, and Europe. As a strategic business unit of Frasers Property Limited, the company leverages a diversified real estate portfolio with substantial global assets. Its core mission is to lead the industrial and logistics real estate sector by delivering sustainable, high-performance spaces designed to facilitate business prosperity. The company’s vision is to shape the future of industrial property through continuous evolution, benefiting people, progress, and the planet by creating environments where resources are reused, recycled, and restored. With nearly a century of experience, Frasers Property Industrial serves a broad customer base, including global corporations, third-party logistics providers, and manufacturers, establishing itself as a significant player in the industrial property landscape.
1. Strategic Focus & Objectives
Core Objectives
Frasers Property Industrial is strategically concentrated on the industrial and logistics sectors, representing a diversified investment approach away from residential and hospitality holdings. The company aims to enhance business potential through comprehensive service solutions, emphasizing strategic locations, sustainable leadership, and a customer-centric operational philosophy. Its strategy is built upon three pillars: Acting Progressively, Consuming Responsibly, and Focusing on People, encompassed by 13 environmental, social, and governance (ESG) focus areas projected through 2050.
Specialization Areas
The company specializes in creating smart, seamless, and sustainable property journeys. It integrates sustainability principles and advanced technology to provide competitive advantages to its customers. Frasers Property Industrial is dedicated to solving industrial property challenges by offering strategically placed solutions that empower businesses and secure future growth opportunities.
Target Markets
Frasers Property Industrial primarily targets businesses requiring industrial, logistics, and commercial property solutions. This includes global corporates, third-party logistics (3PL) providers, and manufacturers. The company's operations span key markets in Asia, Australia, and Europe, positioning it to serve a diverse international clientele.
2. Financial Overview
Funding History
As of September 30, 2024, Frasers Property Industrial reported a profit before interest and tax (PBIT) of S$409.3 million (A$460.7 million and EUR 286.0 million) for FY24. Its assets under management (AUM) were valued at S$12.0 billion (A$13.5 billion & EUR 8.4 billion), encompassing 175 completed properties across five countries, totaling 4.6 million square meters of net lettable area. The Australian non-REIT portfolio comprised 45 completed assets valued at S$2.8 billion (A$3.2 billion & EUR 2.0 billion), while the European non-REIT portfolio included 18 completed assets valued at S$0.6 billion (A$0.7 billion & EUR 0.4 billion).
For the half-year ending FY24, the company posted a profit of S$204.4 million and AUM valued at S$11.5 billion (A$13.1 billion & EUR 7.9 billion). The estimated annual revenue for Frasers Property Industrial is approximately $44.1 million. Its parent company, Frasers Property Limited, recorded a trailing twelve-month revenue of $2.59 billion as of September 30, 2025, with a market capitalization of $3.1 billion.
3. Product Pipeline
Key Products/Services
Frasers Property Industrial maintains a robust development pipeline supported by a strategic land bank of 2.9 million square meters in prime locations. As of September 30, 2024, the company has 12 assets currently under development, projected to total approximately 372,000 square meters. These developments are planned for completion in FY25 (11 assets) and FY26 (1 asset).
Current Development Projects:
Rubix Connect, Dandenong South, VIC (Australia): Approximately 96,000 square meters across three projects.
'The YARDS' development, Kemps Creek, NSW (Australia): Approximately 99,000 square meters across four projects.
Vantage Yatala, Stapylton, QLD (Australia): Approximately 16,000 square meters across two projects.
The Anchor, Lelystad and Citylog Campus Breda, Breda (The Netherlands): Approximately 83,000 square meters across two projects.
The Tube, Düsseldorf (Germany): Approximately 78,000 square meters.
Recent Completions:
FY24: 12 development projects completed, totaling approximately 352,000 square meters across Australia and the Netherlands. This included five assets in NSW (168,000 sqm), four assets in VIC (83,000 sqm), two assets in QLD (68,000 sqm), and one asset in The Netherlands (33,000 sqm).
FY23: Seven development projects completed, totaling approximately 174,000 square meters across Australia.
Land Acquisitions (FY23):
Acquired four greenfield development sites totaling approximately 388,000 square meters across Australia and Germany. This included sites in Horsley Park (NSW), Stapylton (QLD), and Craigieburn (VIC), as well as a 56,600 square meter site in Landsberg, Germany.
4. Technology & Innovation
Technology Stack
Frasers Property Industrial is deeply committed to sustainable innovation and smart technology integration within its developments. The company’s facilities are designed to meet rigorous market-leading sustainability benchmarks, such as DGNB Gold and BREEAM certifications.
An illustrative example of their technological and sustainable innovation is a significant solar installation at The Tube in Düsseldorf, Germany. This project features a 6,039 MWh photovoltaic system comprising 14,600 solar panels, representing the largest solar installation within their European industrial portfolio. Another prime example is the ARDEX facility at The YARDS, recognized for its innovative design as the Best Industrial Development. This 26,654 square meter facility integrates office spaces, research labs, training facilities, and purpose-built warehouse spaces, including a 35-meter-high powder manufacturing tower and a 20-meter silo tower. This building is designed to target a 6 Star Green Star rating from the Green Building Council of Australia.
Frasers Property Industrial is proactively working towards achieving net-zero carbon status in operation by the end of FY30. Furthermore, all new projects initiated from FY21 are required to be certified using third-party green building programs, with an ambitious target of 80% of owned and managed assets certified by FY24.
5. Leadership & Management
Executive Team
Reini Otter - Chief Executive Officer, Frasers Property Industrial
Background: Mr. Otter leads the Group's industrial and logistics operations across Australia and Europe, including overseeing Frasers Logistics & Commercial Asset Management. He joined Frasers Property's Australian operations in 1998, holding various senior leadership roles, including Executive General Manager of Frasers Property Australia’s Commercial & Industrial and Investment Property division. He also serves as Chairman of the Industrial Roundtable for the Property Council of Australia.
LinkedIn: [https://www.linkedin.com/in/reiniotter/](https://www.linkedin.com/in/reiniotter/)
Ian Barter - Managing Director Australia
Background: Responsible for managing the Australian operations of Frasers Property Industrial.
Alexander Heubes - Managing Director Europe
Background: Responsible for managing the European operations of Frasers Property Industrial.
Kelly Parmenter - General Manager - People and Culture
Background: Appointed on November 10, 2025, Ms. Parmenter brings over two decades of HR leadership experience across media, technology, and manufacturing sectors. Her previous role was Executive Director – Business Partnering, Talent Acquisition and HR Services at Foxtel Group. In her current role, she leads the people and culture strategy across Australian and European operations, with a focus on building high-performing teams, organizational development, leadership capability, and navigating change.
LinkedIn: [https://www.linkedin.com/in/kelly-parmenter-2a543916/](https://www.linkedin.com/in/kelly-parmenter-2a543916/)
Matt Gillett - General Manager - Business Development (Frasers Property Industrial)
LinkedIn: [https://www.linkedin.com/in/matt-gillett-140b9044/](https://www.linkedin.com/in/matt-gillett-140b9044/)
Emily Song - Development Manager (Frasers Property Industrial)
LinkedIn: [https://www.linkedin.com/in/emily-song-a6217415a/](https://www.linkedin.com/in/emily-song-a6217415a/)
Recent Leadership Changes
On November 10, 2025, Frasers Property Industrial announced the appointment of Kelly Parmenter as its new General Manager – People and Culture. Her role is to spearhead the people and culture strategy across the company's Australian and European operations.
6. Talent and Growth Indicators
Hiring Trends and Workforce
Frasers Property Industrial, as a part of Frasers Property, actively seeks to recruit talented and dynamic individuals, offering various programs such as early careers, internships, and management associate opportunities. The company nurtures a collaborative and diverse culture, providing avenues for accelerated learning, mentorship, and rotational assignments across different roles.
Current hiring trends indicate recruitment for roles such as Communications Manager and Marketing Coordinator in Australia. In Thailand, Frasers Property Industrial (Thailand) Co., Ltd. has open positions including Business Development and Senior Executive, Accounting. The company's expansion is evident through its growing assets under management and a substantial strategic land bank. Frasers Property's overarching goal is to foster a workplace environment where every employee feels respected, empowered, and truly heard. Employee sentiment and company culture are guided by core values emphasizing collaboration, progressiveness, respect, and authenticity, which are integral to achieving their operational purpose.
7. Social Media Presence and Engagement
Digital Footprint
Frasers Property Industrial maintains a professional digital footprint, primarily engaging through platforms such as LinkedIn. This platform is frequently utilized for sharing job postings and company announcements, indicative of active engagement with professionals and prospective employees. The company's digital messaging consistently highlights its dedication to sustainability, innovation, and customer-centric solutions. News releases and recognitions, including awards, are disseminated across various online channels, contributing to its brand positioning and thought leadership within the industrial property sector. The company's official website serves as a central hub for news and updates, which are often cross-promoted on its social media channels.
8. Recognition and Awards
Industry Recognition
Frasers Property Industrial has garnered significant industry recognition and numerous awards for its commitment to sustainability and excellence in development.
GRESB (Global Real Estate Sustainability Benchmark) Rankings:
2023: The Australian portfolio was recognized as a Regional Sector Leader for Oceania in the Industrial category, maintaining its 5-star rating. It also achieved first place among peers in the Industrial: Tenant Controlled | Core category.
2023: The European active development portfolio achieved a 5-star rating, demonstrating a 29-point improvement in its score.
2023: The Australian portfolio ranked first among peers in the Industrial: Non-Refrigerated Warehouse | Non-listed category for its development portfolio.
2025: The Australian portfolio ranked first among peers in Australia in the Industrial: Distribution Warehouse: Non-Refrigerated Warehouse category. The European portfolio increased its score by 10 points, elevating its GRESB rating to 4 stars.
Frasers Logistics and Commercial Trust, which Frasers Property Industrial provides services for, also attained Global Sector Leader status in the Listed Diversified - Office/Industrial category.
UDIA NSW Awards for Excellence 2025:
Frasers Property Industrial, in partnership with Aware Real Estate, won the Best Industrial Development award for their ARDEX facility at 'The YARDS' development.
Overall Global Sector Leader:
* The company was recognized as an Overall Global Sector Leader for its development projects in Australia, including the Horsley Drive Business Park, which boasts a 6 Star Green Star rating.
9. Market Analysis
Market Overview
The industrial real estate market is experiencing robust growth, with a total size of $265.85 billion in 2024. Projections indicate growth to $279.43 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. This expansion is fueled by increasing demand for industrial spaces, a rise in foreign direct investment, growth in manufacturing and e-commerce activities, and the availability of affordable
