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Cromwell E-Reit buying 3 German industrial assets for 38m euros

Sale and leaseback agreement with Felss Group subsidiaries raises the size of its Germany portfolio to 157m euros

The assets are located in the cities of Bretten (left), Pforzheim, and Königsbach-Stein, all within Germany's third-largest state Baden-Württemberg.


CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is acquiring a portfolio of three freehold light industrial/logistics assets in Germany for a purchase price of 38 million euros (S$57 million), the manager said in a regulatory update on Friday.

The Reit...