Brief: Cromwell Property Announces Strategic European Partnership

Cromwell Property

03/07/2023 02:40

July 3 (Reuters) - Cromwell Property  CMW.AX :
    * CROMWELL ANNOUNCES STRATEGIC EUROPEAN PARTNERSHIP
    * ENTERED INTO A BINDING AGREEMENT TO CREATE A JOINT VENTURE
WITH
HONG KONG-BASED ASSET MANAGER VALUE PARTNERS
    * IN DEAL, EXCHANGING ON SALE OF A 50% STAKE IN CROMWELL
ITALY
URBAN LOGISTICS FUND ASSETS
    * SETTLEMENT IS EXPECTED IN LATE JULY 2023, WITH CROMWELL'S
EUROPEAN OPERATIONS TEAM SET TO CONTINUE TO MANAGE PORTFOLIO

Source text for Eikon:  ID:nASXg09xb 
Further company coverage:  CMW.AX 

 ((Reuters.Briefs@thomsonreuters.com;))