Cromwell REIT is announcing the acquisition of a freehold logistics property in the United Kingdom for a price of £10.0 million (approximately 11.7 million Euros):

• Attractive 5.6% net operating income (“NOI”) yield3, ~3% below independent valuation and 32% discount to replacement cost4
• The Asset is situated in a prime logistics location close to the major cities of Liverpool and Manchester, with good connectivity to major motorway networks, two airports and a deep-sea port
• The Asset is 100% let on a 10-year lease, with opportunity for rental growth and value enhancement