Cromwell EREIT to sell 12 assets in Europe to Blackstone for $73.2m

Cromwell EREIT to sell 12 assets in Europe to Blackstone for $73.2m

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

SGX-listed Cromwell European Real Estate Investment Trust (CEREIT) has entered into an agreement to sell its 12 properties located in the Netherlands, Denmark and France, to funds advised by Blackstone Group.

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