Cromwell REIT Sells Finish Office, Buys British Warehouse

News about Cromwell European REIT

Cromwell European REIT is announcing the sale of Opus Asset, an office property in Finland near Helsinki, for 16.2 million Euro ; while also announcing the purchase of a UK logistics asset, Runcorn Asset, for £18.9 million.

The acquisition will be internally funded.

Cromwell European REIT
Price1.580 EUR
NAV2.500 EUR
Yield (4 quarters)10.86%
Gearing37.6%