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Cromwell European REIT acquires three logistics properties in Italy and Germany for $101.5 mil

Felicia Tan
Felicia Tan4/22/2022 08:56 AM GMT+08  • 2 min read
Cromwell European REIT acquires three logistics properties in Italy and Germany for $101.5 mil
The newly-acquired property in Jena, Germany. Photo: CEREIT
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The manager of Cromwell European REIT (CEREIT), on April 22, announced that it has acquired three light industrial/logistics properties in Italy and Germany for a total consideration of €68.3 million ($101.5 million).

The REIT, through its indirect and wholly-owned subsidiaries, entered into three separate sale and purchase agreements (SPA) for the properties. Two of the properties are in Italy, while the third is located in Germany.

Of the two Italian properties acquired, one is in Vittuone, Milan and the other is in Coccaglio, Brescia. The property in Germany is located in Löbstedter Str. 101-109, Jena.

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