Cromwell Continues Expansion

News about Cromwell European REIT

Cromwell European REIT continues expanding by announcing the acquisition of 3 more properties in France and 3 in Poland. At a total cost of 246.9 million €, all the properties are freehold and offer a combined 7.4% Net Initial Yield.

Subsequently, the trust succesfully raised 150 million € in a private placement at 0.46 € per unit. The manager expects this expansion to be DPU accretive.

Cromwell European REIT
Price0.500 EUR
NAV0.494 EUR
Yield (4 quarters)7.38%
Gearing37.0%