Cromwell REIT Buys Italian Warehouse

News about Cromwell 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.

Cromwell European REIT
Price1.990 EUR
NAV2.430 EUR
Yield (4 quarters)8.52%
Gearing36.9%