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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

Vivienne Tay

Published Fri, Dec 20, 2019 · 09:50 PM

Singapore

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 had entered into a purchase agreement and lease agreements with subsidiaries of Felss Group GmbH on Thursday to acquire the portfolio under a …

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