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 European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
CEREIT navigates illiquid Central Europe market with Warsaw office divestment
The REIT divested the property for $23.1m.
Cromwell EREIT posts 8.7% YoY lower income of €88.3m in FY23
The REIT also declared an 8.7% YoY lower DPU of €0.15693.
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.
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