Cromwell considering listing Reit in Singapore
Trust's assets will be European office properties managed by Cromwell's Valad Europe, says WSJ report
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 for 145 million euros (S$219.2 million).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong team plants seeds to safeguard legacy grains
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst
HSBC announces CEO Quinn’s retirement, first-quarter profit drops 1.8%
Computer parts maker Logitech Q4 sales rise; first positive quarter in over two years
Barclays says it’s winning Asia banking business from US firms
China central bank wants to halt bond-buying spree, not join it