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.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.4.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cromwell European REIT sells office asset in Warsaw for $23.1mCromwell European REIT (CEREIT) divests an office asset in Warsaw, Poland, for $23.1m. The property, Grojecka 5 (G5), was sold at a 7.5% premium to its latest valuation. Solida Capital Europe acquired the asset.
Read more »
Over $10 Million Collected to Aid Gaza CrisisMinister-in-charge of Muslim Affairs Masagos Zulkifli announces that over $10 million has been collected to aid those affected by the Gaza crisis. $8 million was collected by the Rahmatan Lil Alamin Foundation (RLAF) between October and November last year, and an additional $2 million was collected during Ramadan this year.
Read more »
Sabana REIT aims for manager internalisation by 3Q24pstrongThe REIT has made progress in its Order 32 application./strong/p pHSBC Institutional Trust Services (Singapore) Limited, the trustee of Sabana Industrial REIT, has provided an indicative timeline for the internalisation of the REIT’s manager./p pThe REIT aims to complete the internalisation by 3Q24.
Read more »
ESR-LOGOS REIT Divests Logistics Facility in AustraliaESR-LOGOS REIT has sold its logistics facility in Altona, Victoria, Australia for A$65.5m ($58m), using the proceeds to repay borrowings and fund future acquisitions and enhancements.
Read more »
Concerns raised by Sabana Industrial REIT unitholders over third extraordinary general meetingSome Sabana Industrial Real Estate Investment Trust (REIT) unitholders are expressing concerns about the requisitioning of a third extraordinary general meeting and are urging the requisitionists to respect the rules stated under the trust deed.
Read more »
Keppel REIT to acquire 50% interest in Sydney office building for S$321MThe property enjoys a prime location along George Street, ensuring high visibility and ease of access via various transportation modes
Read more »