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Cromwell European REIT offloads Finnish and Italian assets for $10.5m

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pstrongThe assets were sold for $7.9m and $2.63m, respectively./strong/p pCromwell European REIT (CEREIT) has two assets in Finland and Italy for $10.5m (€7.2m)./p pThe Finland asset is Grandinkulma located at Kielotie 7, Vantaa. The property’s total area size spans 6,191.4 sqm. The REIT sold the asset, valued at €5.6m, for €5.4m ($7.

The assets were sold for $7.9m and $2.63m, respectively.The Finland asset is Grandinkulma located at Kielotie 7, Vantaa. The property’s total area size spans 6,191.4 sqm. The REIT sold the asset, valued at €5.6m, for €5.4m .

Padova, the Italy property, is a complex of three standalone buildings with varying heights of one to seven floors. The property in the city of Padua, in the Veneto region, northeastern Italy, used to be the barracks of the Italian Gendarmerie .CEREIT will use the net proceeds from the divestment to repay its revolving credit facility and/or for other working capital purposes....there are many ways you can work with us to advertise your company and connect to your customers.

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