SINGAPORE (Dec 20): Cromwell European REIT (CEREIT) is acquiring a portfolio of three light industrial and logistics assets in Germany for a purchase consideration of €38.0 million ($57.0 million), the group reported in a bourse filing on Friday.
CEREIT has entered into an agreement with subsidiaries of machine construction company Felss Group GmbH on Dec 19 to acquire the assets under a sale and leaseback arrangement.
Felss Group specialises in cold forming for the automotive industry as well as the manufacturing of machines and components.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)