SINGAPORE (May 11): DBS Group Research is keeping its “buy” call on Cromwell European Real Estate Investment Trust (CEREIT) with a slightly higher target price  of 66 Euro cents, up from 63 Euro cents previously.

“We continue to be bullish on [CEREIT’s] prospects, given expectations of rising rents on the back of an improving European economy as well as benefits from having inbuilt rental escalations in the majority of its leases,” says lead analyst Mervin Song in a Friday report.

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