Cromwell E-Reit to rename and rebrand, following completion of 280 million euro manager buyout

News about Stoneweg Europe Stapled Trust
Cromwell European Real Estate Investment Trust (Cromwell E-Reit) will be renamed Stoneweg European Reit from Jan 2, 2025, with corresponding updates to its security and counter names on the Singapore Exchange.

The change follows the completion of a 280 million euro (S$395.5 million) acquisition of Cromwell E-Reit’s manager by alternative investment group Icona Capital and real estate investment group Stoneweg.
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Stoneweg Europe Stapled Trust
Price1.680 EUR
NAV2.010 EUR
Yield (4 quarters)8.10%
Gearing42.1%