Asset Acquisitions and Disposals::CEREIT ACQUIRES LOGISTICS ASSET IN DENMARK AND DIVEST NON-CORE LOGISTICS ASSETS IN GERMANY

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
Asset Acquisitions and Disposals
Date &Time of Broadcast
18-Oct-2022 12:07:36
Status
New
Announcement Sub Title
CEREIT ACQUIRES LOGISTICS ASSET IN DENMARK AND DIVEST NON-CORE LOGISTICS ASSETS IN GERMANY
Announcement Reference
SG221018OTHRZG8D
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 ACQUIRES A STRATEGICALLY LOCATED LOGISTICS ASSET IN COPENHAGEN, DENMARK FOR DKK 117.4 MILLION (EUR 15.8 MILLION); RECENTLY COMPLETED DIVESTMENT OF TWO NON-CORE LOGISTICS ASSETS IN GERMANY FOR EUR 11.0 MILLION

Please see attached.

Attachments

CEREIT_Denmark_Acquisition_ Announcement_18Oct2022.pdf
CEREIT_Denmark_Acquisition_Presentation_18Oct2022.pdf
Total size =5880K