Cromwell E-Reit should ignore Quarz’s call to repurchase its units in the market
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Ben Paul
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CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is not getting much love from investors these days.
However, repurchasing its units in the market – as activist investor Quarz Capital has urged it to do – is unlikely to change anything.
For many investors in Singapore, Cromwell E-Reit is a relatively high-risk prospect due to a lack of familiarity with its assets and sponsor group. Managed by ASX-listed Cromwell Property Group, it holds more than 110 logistics, light industrial and office properties worth 2.3 billion euros (S$3.4 billion) scattered across Europe.
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