/Cromwell REIT

Cromwell European Reit’s portfolio valuation down to $3.5b

The CEREIT’s portfolio reduced 1.6% compared to June 2022.

Cromwell European REIT (CEREIT) portfolio valuation went down $3.5b (€2.488b) as at 31 December 2022, according to its bourse filing.

“The portfolio valuation has slightly reduced by €39.3 million or -1.6% compared to the June 2022 valuation, taking into account the benefit of valuation increases on properties under development in Italy and Czech Republic,” read CEREIT’s report.

Its properties under Denmark and France showed slight valuation increases of $17.4m (€12.2m) and $3.4m (€2.4m), respectively, because of asset management enhancement initiatives and market rent growth. 

The Czech Republic portfolio valuation grew due to the increase in value of properties under development. 

Modest valuation decreases were reported in the Netherlands down by $36.2m (€25.4m) and the UK down by $23m (down by €16.6m). 

Valuations in Germany, Italy and Poland were also lower by about $8m-$9.9m (€6 - 7m) each, reflecting the higher capitalisation rates (“cap rates") caused by the recent increase in interest rates.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


UOB deploys AI tools to level up employees’ productivity
The bank with the largest consumer footprint in ASEAN leads the way in adopting Microsoft’s Copilot for more collaborative and productive banking.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.