Cromwell European Reit

Cromwell European Real Estate Investment Trust (“Cromwell European REIT” or “CEREIT’) is a real estate investment trust (“REIT”) that invests, directly or indirectly, in a diversified portfolio of real estate assets in Europe that are used primarily for office, light industrial / logistics and retail purposes.

See below for the Latest Cromwell European Reit News, Analysis, Profit Results, Share Price Information, and Commentary.

 

Cromwell EREIT’s Nervesa21 achieves 70% occupancy

Universal Music Group is the anchor tenant of the office development in Milan.

Cromwell EREIT’s Nervesa21 achieves 70% occupancy

Universal Music Group is the anchor tenant of the office development in Milan.

Cromwell EREIT’s portfolio valuation dips 1.5% in 2H23

In 2H23, the REIT recorded a gross valuation fair value loss of 2.9%.

Cromwell E-REIT repurchases €50m in bonds due November 2025

The repurchase represents 10% of the initial aggregate principal amount of the bond.

Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23

The REIT attributed the decline to the absence of income from office projects under redevelopment.

Cromwell E-REIT divests Italy asset for $135.4m

Viale Europa represents 6.9% of the REIT’s net asset value.

CEREIT’s DPU moderately drops by 4.5% YoY in H1

It was hit by the higher interest rates.

Cromwell E-REIT clinches €165m revolving credit facility

The REIT can increase the facility up to €250m.

Cromwell European REIT’s portfolio valuations slip in H1

It experienced a slight decline of 1.6% or €36.1m (S$54.4m) versus 31 December 2022.

CEREIT divests Italian office for $138.51m

The divestment of Piazza Affari 2, Milano, Italy office is at €93.6m.

CEREIT net property income up 3.6% YoY to $48.9m in Q1

Its DPU showed resiliency despite falling 2.4% YoY in Q1.

Cromwell European Reit bags at least 50% pre-leasing commitment for Italy office

If the project remains on course, completion will be reached by December 2023.

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

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

Cromwell E-REIT's distributable income falls 0.4% YoY to €24.179m in Q3

This is despite recording a 4.1% YoY increase in its net property income. 

Cromwell EREIT acquires third logistics asset  in the UK for $31.8m

The property is 100% let to UK 3PL company, Kammac Limited.

Cromwell EREIT secures 40% pre-leases for its logistic development in Czech Republic

The biggest lessor was car oil importer and distributor, AutoMax Group.

Cromwell European REIT acquires 3 EU properties

The REIT purchased freehold properties in Italy and Germany.