SINGAPORE (Apr 10): DBS Group Research is initiating coverage on Cromwell European REIT (CEREIT) with a “buy” call and a target price of 0.63 euros. The research house says CEREIT is one of its top picks among the Singapore real estate investment trusts (S-REITs).
See: Six S-REITs to jump back on as sector bottoms out
CEREIT is the first Singapore-listed REIT with a diversified Pan-European portfolio that offers investors a unique opportunity to invest in office, light industrial/logistics and retail assets located in Denmark, Germany, France, Italy, and the Netherlands.
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