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Cromwell E-Reit completes 80.3m euro purchase of 3 French office properties

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CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has completed the acquisition of three freehold office properties in Greater Paris, France, which cost some 80.3 million euros (S$122.7 million) in total, its manager said in a filing on Thursday morning. Read more at The Business Times.

Cromwell E-Reit has completed the acquisitions of three freehold office properties in France, including the Cap Mermoz Asset , which has 10,720 sq m of net lettable floor area and is located 17 minutes away by train from the Paris central business district.CROMWELL European Real Estate Investment Trust has completed the acquisition of three freehold office properties in Greater Paris, France, which cost some 80.3 million euros in total, its manager said in a filing on Thursday morning.

Of this total cost, five million euros were paid through the issue of 10.9 million units in Cromwell E-Reit, while the rest was funded using part of the proceeds of the private placement. The private placement of 326.1 million new units in Cromwell E-Reit raised gross proceeds of about 150 million euros.

The new Polish freehold assets comprise two predominantly office properties in Krakow and one office property in Poznan.

 

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