Cromwell European REIT pays €126.1m for six logistics assets

Cromwell European REIT pays €126.1m for six logistics assets
Bialetti Headquarters, Coccaglio, Brescia, Italy

Cromwell Property Group has completed the acquisition of six fully-let light industrial and logistics assets across Europe for €126.1 million on behalf of Cromwell European REIT (CEREIT).

The six properties located in Germany, Italy, the Netherlands, and the UK have totaling 192,112 sqm of gross lettable area.

Robert Cotterell, Head of Investments, Europe and Head of UK at Cromwell Property Group, said: “To have recently completed the acquisitions of these six highly attractive light industrial / logistics properties on behalf of CEREIT in such a short timeframe, highlights the reach, efficiency and expertise of Cromwell’s pan-European platform and local on-the ground teams.”

”We continue to see considerable upside in the European light industrial / logistics sector, especially in assets like these with redevelopment and repositioning potential. Our platform looks forward to continuing to source these types of attractive and well-located assets with high-quality tenants for our investors across the European region,” he added.

Here are the acquisitions;

Read Also: Cromwell European REIT buys three industrial properties in Italy, Germany

Read Also : Cromwell European REIT to buy three logistics properties in UK, Netherlands