Due to a change of main shareholder and sponsor, Cromwell European REIT is announcing the early refinancing of a Netherlands office loan:

The early refinancing comes as the manager facilitates the divestment of sponsor Cromwell Property Group’s stake in the Reit and its European fund management platform to Stoneweg Global Platform.

Due to the higher cost of the new loan, Cromwell Property Group will compensate Cromwell REIT with 4 million Euros:

“This ensures Cromwell E-Reit’s distributable income is not impacted due to the early refinancing of the Netherlands office loan as a result of the (divestment),” said the manager.