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Cromwell Reit eyes 7.5-7.7% yield in 1.25b euro Singapore IPO

Euro-denominated trust, with assets in 6 European nations, a first for SGX

The IPO will tick a number of boxes for SGX, which has articulated a strategy of trying to attract more Reits and business trusts from overseas and with foreign currency exposures.


THE Singapore initial public offering (IPO) of Cromwell European Real Estate Investment Trust (Reit) could raise up to 1.25 billion euros (S$2.02 billion) and provide a yield of between 7.5 and 7.7 per cent, according to a preliminary prospectus lodged on Friday.

The IPO...