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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

Published Fri, Sep 8, 2017 · 09:50 PM

Singapore

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 for the Reit, which will hold comm…

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