Cromwell European Real Estate Investment Trust (“Cromwell European REIT” or “CEREIT’) is a real estate investment trust (“REIT”) with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate assets in Europe that are used primarily for office, light industrial / logistics and retail purposes.
CEREIT’s portfolio comprises 96 properties with an appraised value of approximately €2,135 million as at the date of this announcement in or close to major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland and Denmark, with a balanced focus on the office and light industrial / logistics sectors. As at 31 December 2020, CEREIT’s portfolio comprised 96 properties with an aggregate lettable area of approximately 1.6 million square metres, around 800 tenant-customers and a WALE profile of approximately 5 years.
CEREIT is the first REIT with a diversified pan-European portfolio listed on the Singapore Exchange Limited. CEREIT is managed by Cromwell EREIT Management Pte. Ltd., a wholly-owned subsidiary of CEREIT’s sponsor, Cromwell Property Group[i], a real estate investor and manager with operations in 14 countries, listed on the Australian Securities Exchange Ltd.