Cromwell European Reit buying freehold office building in Italy
The 16.9 million-euro property has a net lettable area of 17,990 sq m
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CROMWELL European Real Estate Investment Trust (Reit) is acquiring a freehold office building at Via Jervis 13, Ivrea, Italy, for 16.9 million euros (S$27.3 million).
On Tuesday, Cromwell EReit Management, the manager of Cromwell European Reit, said that Perpetual (Asia), the Reit's trustee, has entered into a preliminary sale and purchase agreement on Monday with Savills Investment Management SGR PA.
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