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Cromwell E-Reit slides on married trade

Published Tue, Jan 29, 2019 · 09:50 PM

Singapore

UNITS of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) shed some 5 per cent on Tuesday after a nearly 10 per cent stake in the Reit changed hands in the morning, with wealthy Singaporean couple Gordon and Celine Tang getting a bite of it.

Cerberus Singapore Investor, one of the Reit's five largest unitholders, sold its entire 9.98 per cent stake in the Reit for 99.08 million euros (S$153 million) on Tuesday.

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