Ukraine war has 'no direct impact' on portfolio: Cromwell E-Reit

Singapore

WITH more than 85 per cent of its 2.5 billion euro (S$3.7 billion) European portfolio in Western Europe, Cromwell European Real Estate Investment Trust (Cromwell E-Reit) said in a filing on the Singapore Exchange on Monday (Mar 14) that the ongoing war between Ukraine and Russia has "no direct impact" on its portfolio.

About 10 per cent of its portfolio is in Poland and 2 per cent in Slovakia, and only 2 per cent of leases in both countries are expiring in the near term, said the company. These 2 European countries share a border with Ukraine.