Notice of Valuation of Real Assets::CEREIT's PORTFOLIO DEMONSTRATES RESILIENCE WITH MINIMAL 1.6% FY2022 VALUATION DECLINE

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Securities
CROMWELL EUROPEAN REIT - SGXC37098255 - CWBU
CROMWELL EUROPEAN REIT - SGXC37098255 - CWCU
Stapled Security
No

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
31-Jan-2023 07:29:12
Status
New
Announcement Sub Title
CEREIT's PORTFOLIO DEMONSTRATES RESILIENCE WITH MINIMAL 1.6% FY2022 VALUATION DECLINE
Announcement Reference
SG230131OTHRNSZD
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
CROMWELL EUROPEAN REIT's PORTFOLIO DEMONSTRATES RESILIENCE WITH MINIMAL 1.6% FY 2022 VALUATION DECLINE; GEARING EXPECTED TO REMAIN BELOW 40%

Please refer to the attachment.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2022Savills Advisory Services LimitedPlease refer to the attached announcement.Euro1,586,676,800
31/12/2022CBRE LtdPlease refer to the attached announcement.Euro901,424,552
Valuation of Reports available for inspection at address during office hours
50 Collyer Quay, #07-02 OUE Bayfront, Singapore 049321
Reports available till date
30/04/2023

Attachments

Revaluation of CEREIT Properties 31.12.2022.pdf
Total size =246K