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 107 properties with an appraised value of approximately €2,292 million as at the date of this announcement in or close to major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland Denmark, the Czech Republic and Slovakia, with a balanced focus on the office and light industrial / logistics sectors. As at 31 December 2020, CEREIT’s portfolio comprised 107 properties with an aggregate lettable area of approximately 1.7 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.