SINGAPORE (May 29): Cromwell European REIT (CEREIT) invests in a diversified portfolio of income-producing real estate assets in Europe primarily used for office, light industrial/logistics, and retail purposes. It has properties in seven major gateway cities and is the first REIT with a diversified pan-European portfolio to be listed on the Singapore Exchange. Its sponsor, Cromwell Property Group, is listed in Australia and a real estate investor and manager with operations in 15 countries.

How has the portfolio of CEREIT evolved since its IPO?

Our portfolio has grown by more than 50% by asset value since IPO. We enhanced our risk-return profile by adding 33 high-quality assets, while divesting 13 non-core ones. Our portfolio is now more resilient, with stability and long WALE provided by the office sector and growth offered by the light industrial/logistics sector, while remaining well-diversified across seven European countries. We target accretive high-quality assets in strategic, “on-theme” cities and markets. Our focus remains primarily on office and light industrial/logistics assets with at least a 75% weighting to Western Europe.

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