新闻
Cromwell European REIT: Acquiring A 156,888 Sq m Freehold Intermodal Logistics Park In Italy.
25 Nov 2020 10:13Acquisition contracted at a competitive price of EUR52.6 million, approximately S$84.2 million, ~3.5% below independent valuation and ~33% below estimated replacement cost, with a 7.4% net operating income yield. Adds ~10% to CEREIT's overall portfolio net lettable area and increases the weighting of the light industrial / logistics segment in CEREIT's portfolio ~32.3% from ~30.6%. Asset is over 99% occupied by 24 well-established Italian tenant-customers, including Tod's, Eurospin and White Solution...
More information available here.
Source: ShareInvestor Express
