Cromwell E-Reit dips toes into data centres; sponsor, EXS set up new fund
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Fiona Lam
Singapore
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit), whose current portfolio is mostly made up of office and light industrial or logistics properties in Europe, is now planning to make its foray into the data-centre business.
On Monday, its manager said the trust has inked a heads of terms agreement with its sponsor Cromwell Property and Stratus Data Centres, to co-invest directly into 50 per cent stakes in two European data centre projects, subject to various milestones.
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