The consideration represents a 28% premium to the assets’ latest valuation as at June.

The manager of Cromwell European REIT has divested three assets in Europe for a total price of €22.0 million ($30.6 million).

On Sept 9, the REIT manager announced that it had entered into separate sale and purchase agreements (SPAs) to divest two light industrial/logistics assets in Germany and one light industrial/logistics asset in France.