Cromwell E-Reit manager to refinance office loans early with higher all-in interest rate facility

News about Stoneweg Europe Stapled Trust
The manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) on Tuesday (Dec 17) said that it will refinance its Netherlands office loans early with a higher all-in interest rate facility.

The Netherlands office loans had a fixed interest rate of 1.93 per cent and a maturity date in December 2026.
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Stoneweg Europe Stapled Trust
Price1.540 EUR
NAV1.990 EUR
Yield (4 quarters)8.69%
Gearing38.0%