Cromwell E-Reit regains control of Paris site, to receive compensation from govt
Add BT as a preferred source
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.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
