Cromwell E-Reit to dispose of 12 Europe properties
Add BT as a preferred source
Vivienne Tay
Singapore
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) on Tuesday said it has entered into a master sale and purchase agreement with entities owned by funds advised by Blackstone affiliates on Dec 16, to dispose of 12 properties located in the Netherlands, Denmark and France.
The agreed property sales price of the portfolio is 65.7 million euros (S$99.2 million), representing a 15.2 per cent premium to the original purchase price; and a 4.1 per cent premium over the latest market value of the portfolio, based on independent valuations.
TRENDING NOW
What makes a good job? Feeling that you matter
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
