Brief: Cromwell European REIT Announces Acquisition Of Six Assets In France And Poland

Stoneweg Europe Stapled Trust

21/06/2019 02:25

June 21 (Reuters) - Cromwell European Real Estate Investment
Trust  CROM.SI :
    * ANNOUNCES ACQUISITION OF SIX ASSETS IN FRANCE AND POLAND
    * TOTAL COST OF FRANCE ACQUISITIONS IS ESTIMATED TO BE ABOUT
EUR
80.3 MILLION
    * POLAND PROPERTIES PURCHASE CONSIDERATION IS ABOUT EUR
163.2
MILLION
    * NEW ACQUISITIONS ARE EXPECTED TO BE DPU-ACCRETIVE ON A PRO
FORMA
BASIS
    * INTENDS TO FUND ACQUISITIONS VIA LOAN, ISSUE OF CERDEIT
UNITS,
PURSUANT TO PRIVATE PLACEMENT TO RAISE ABOUT EUR 100 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ539Ndj
Further company coverage:  CROM.SI 

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