The Business Times
business-time-50
TOPLINE

Cromwell European Reit focuses on portfolio resilience amid sector headwinds

google-preferred-sourceAdd BT as a preferred source
Raphael Lim

Raphael Lim

Published Mon, Nov 6, 2023 · 05:00 AM
    • Simon Garing, CEO of Cromwell European Reit's manager, says the Reit is on track to divest 400 million euros (S$580.5 million) of assets across its portfolio over the next two to three years.
    • Simon Garing, CEO of Cromwell European Reit's manager, says the Reit is on track to divest 400 million euros (S$580.5 million) of assets across its portfolio over the next two to three years. PHOTO: CROMWELL EUROPEAN REIT

    REAL estate investment trusts (Reits) have not been a favourite asset class for investors over the past 18 months amid headwinds from high inflation and rising interest rates.

    But Cromwell European Reit (Cromwell E-Reit) believes its portfolio of logistics and office assets will stay resilient and continue delivering returns to investors.

    “We understand that Reits are not the flavour of the month,” Simon Garing, chief executive of Cromwell E-Reit’s manager, told The Business Times in an interview.

    Toplinecromwell e-reit

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More