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Cromwell European Reit focuses on portfolio resilience amid sector headwinds

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.

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