Cromwell E-Reit to pivot to logistics for growth
It will start rebalancing its portfolio by acquiring warehouses in post-Brexit UK, and also in Central European markets
Singapore
CROMWELL European Reit (C-Reit) plans to rebalance its portfolio towards logistics properties, starting with acquiring warehouses in post-Brexit United Kingdom (UK), and also in less-traditional markets in Central Europe.
In an interviewon Tuesday, CEO of the manager Simon Garing also clarified that the ongoing tussle between ARA Asset Management and its sponsor Cromwell Property group has no impact on its plans to diversify into new geographies and nascent asset classes such as data centres.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results