Cromwell REIT Buys Italian Warehouse

News about Stoneweg European REIT —

Cromwell REIT is announcing the acquisition of a recently completed logistics and light industrial warehouse (freehold) in Italy near Venice, for the price of 19.6 million Euro (about S$30.6 million). It is currently fully leased to Reckitt Benckiser Group with a 6.5% Net Operating Income yield.

Stoneweg European REITSource...
Stoneweg European REIT
Price1.520 EUR
NAV2.030 EUR
Yield (4 quarters)9.28%
Gearing40.2%

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