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Home / News / Ma

Cromwell European REIT to acquire 3 freehold assets in Germany for $57 mil

M&A

Cromwell European REIT to acquire 3 freehold assets in Germany for $57 mil

Uma Devi Published on Fri, Dec 20, 2019 / 12:30 PM GMT+8

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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.

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