Cromwell European REIT buys warehouse in UK, divests office in Helsinki

News about Stoneweg Europe Stapled Trust
Cromwell European REIT’s manager announced a divestment in Helsinki, and an acquisition in Preston, UK.

The divestment of Opus Asset in Helsinki at EUR16.2 million, is at a 20% premium to the 2018 purchase price of EUR13.5 million and a 6.4% premium to the latest valuation of of EUR15.2 million.
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Stoneweg Europe Stapled Trust
Price1.560 EUR
NAV1.990 EUR
Yield (4 quarters)8.58%
Gearing38.0%