July 3 (Reuters) - Frasers Logistics & Industrial Trust FRAE.SI :
* FLT TO DIVEST 80 HARTLEY STREET FOR A$90.5 MILLION TO TRUST COMPANY (AUSTRALIA) LIMITED
* ESTIMATED NET PROCEEDS FROM PROPOSED DIVESTMENT IS ABOUT A$82.2 MILLION
* FLT EXPECTS AN ESTIMATED NET GAIN OF ABOUT A$17.7 MILLION ON PROPOSED DIVESTMENT