Cromwell considering listing Reit in Singapore

Singapore

AUSTRALIA-LISTED Cromwell Property Group is considering a Singapore initial public offering in the form of a real estate investment trust (Reit) comprising some European office properties it manages, says a Wall Street Journal (WSJ) report on Tuesday.

Citing people familiar with the matter, WSJ said that these properties are among some 3.7 billion euro worth of assets managed by Valad Europe, a European property funds manager which Cromwell Property Group acquired from Blackstone Group LP's real-estate business last year …