SG-listed Cromwell European REIT to buy logistics asset in Germany for $18m

SG-listed Cromwell European REIT to buy logistics asset in Germany for $18m

The asset is a freehold, light industrial / logistics property totalling 30,557 square metres of net lettable area. Cromwell EREIT photo.

Singapore-listed Cromwell European Real Estate Investment Trust (CEREIT) has agreed to acquire a light industrial logistics asset in Germany for 16.6 million euros ($18 million), adding to its growing portfolio of such assets in Europe.

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