You are here

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

BT_20191221_CROMWELL_3983918.jpg
The assets are located in the cities of Bretten (left), Pforzheim, and Königsbach-Stein, all within Germany's third-largest state Baden-Württemberg.

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...