REIT Oracle

Cromwell REIT Completes Italian Property Sale for 94 Million Euros

in Company news

Cromwell European REIT is announcing the completion of the sale of Viale Europa 95 in Italy for 94 million Euros:

The Reit manager on Monday (Oct 9) estimated the sale consideration to represent a 13.1 per cent premium to Viale Europa’s 2017 purchase price of 83.1 million euros. The sale price stands at 28.2 per cent above the asset’s valuation of 73.3 million euros as at end-2022.