Cromwell E-Reit regains control of Paris site, to receive compensation from govt
Singapore
FRANCE has agreed to compensate Cromwell European Real Estate Investment Trust (E-Reit) 907,128 euros (S$1.4 million) for the trust's loss of potential rental income from its Paris logistics property since its listing, after the French government's decision to not expropriate the site.
The French government had earlier been mulling whether to take possession of the Reit's Parc des Docks site to develop a hospital, university complex and school, according to the Reit's fourth-quarter results presentation dated Feb 27.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents