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.
CEREIT divests Italian office for $138.51m
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 posts unaudited net income of $47.52m in Q1
The Q1 income represents a 5.4% YoY increase.
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.
Cromwell European REIT prices 1.3m new units at $3.34 each
The issuance of new units is pursuant to the REIT’s distribution reinvestment plan.
85% of Cromwell EREIT portfolio sanction-safe
Only 10% was in Poland and 2% in Slovakia.
Cromwell European REIT full-year net property income rises 10.9% YoY to $198.21m
The growth was driven by two factors.
Cromwell European REIT acquires 3 properties in UK and Netherlands for $88.4m
The properties have a blended NOI yield of 5.6%.
Cromwell European REIT acquires Italy warehouse for $30.6m
This is the company’s third logistics asset in the country.
Cromwell management shakes up board composition
Ooi Eng Peng will become a new non-independent director for CEREIT.
Cromwell divests French property for $9.2m
The value of the sale was 53% higher than the IPO purchase price.
Cromwell European REIT net property income up 11.4% to $102.49m
Its income was driven by higher revenue from freshly acquired assets in Italy, the Czech Republic, and Slovakia.
Commentary
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia
Rethinking fleet ownership in a changing business landscape
Beyond the chips: The materials behind Singapore’s AI infrastructure
How homegrown brands are redefining premium in Asia
AI in hospitality: Where should Singapore’s F&B operators draw the line?
Do Singapore workplaces mistake silence for leadership?
AI as the new competitive advantage for Singapore’s small retailers
Singapore's next payments opportunity