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.