Cromwell E-Reit to buy six French and Polish office properties for 246.9m euros
It will issue new units via an oversubscribed and upsized private placement to raise gross proceeds of 150m euros
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CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) will buy six European freehold office properties - three in France and three in Poland - for 246.9 million euros (S$378.2 million), to be financed with a mix of debt and equity via a private placement.
The acquisitions will strengthen the Reit's portfolio, its manager said on Friday morning.
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