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Cromwell European REIT completes acquisition of 11 new assets partly funded by private placement proceeds

Atiqah Mokhtar
Atiqah Mokhtar3/12/2021 8:30 AM GMT+08  • 2 min read
Cromwell European REIT completes acquisition of 11 new assets partly funded by private placement proceeds
The acquisition cost totalled 110.8 mil euros ($177.64 mil).
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Cromwell European REIT (Cromwell EREIT) has successfully completed the acquisition of 11 new assets located in Czech Republic and Slovakia for a total cost of 110.8 million euros ($177.64 million).

The acquisition was partly funded in cash and partly funded by a share of the proceeds of the private placement of 232.56 million new units in Cromwell EREIT that raised gross proceeds of approximately 100 million euros.

Following the acquisition, Cromwell EREIT’s portfolio totals 107 properties in Denmark, Finland, France, Germany, Italy, the Netherlands, Poland, the Czech Republic and Slovakia.

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