The Manager is a wholly-owned subsidiary of Cromwell Property Group.
Cromwell EREIT Management Pte. Ltd. is the Manager of CEREIT. The Manager has general powers of management over the assets of CEREIT and manages CEREIT’s assets and liabilities for the benefit of Unitholders. The Manager sets the strategic direction of CEREIT and provides recommendations to the Trustee on the acquisition, divestment, development and/or enhancement of CEREIT's assets in accordance with its investment strategy.
The Manager provides a holistic range of services. They include, but are not limited to, the following:
Formulating CEREIT’s investment strategy, including determining the location, subsector type and other characteristics of CEREIT’s property portfolio. Overseeing the negotiations and providing supervision in relation to investments of CEREIT and making final recommendations to the Trustee.
Formulating CEREIT’s asset management strategy, including determining the tenant mix, asset enhancement plans and rationalising operational costs, providing supervision in relation to asset management of CEREIT and making final recommendations to the Trustee on material matters.
Formulating the plans for equity and debt financing for CEREIT’s property acquisitions, distribution payments, expense payments and property maintenance payments. Executing CEREIT’s capital management plans, negotiating with financiers and underwriters and making final recommendations to the Trustee.
Preparing accounts, financial reports and annual reports for CEREIT on a consolidated basis.
Making all regulatory filings on behalf of CEREIT and using its commercially reasonable best efforts to assist CEREIT in complying with the applicable provisions of the relevant legislation pertaining to the location and operations of CEREIT, the Listing Manual of the SGX-ST, the Trust Deed, any tax ruling and all relevant contracts.
Communicating and liaising with investors, research analysts and the investment community.
The executive officers of the Manager have extensive European real estate and Singapore REIT management experience. Their experience ranges from 15 to 32 years in property investment, management, development, finance and investor relations. The Executive Officers of the Manager focus on strategic functions such as capital management, portfolio construction, compliance, investor relations and finance while in Europe, the properties are managed by experienced local asset managers in five different countries.
Further details on the Executive Officers of the Manager can be found here.