Brief: Cromwell European REIT Divests Non-Core Italian Office For Euro 93.6 Million

Stoneweg Europe Stapled Trust

30/06/2023 02:34

June 30 (Reuters) - Cromwell European Real Estate
Investment Trust  CROM.SI :
    * CROMWELL EUROPEAN REIT DIVESTS NON-CORE ITALIAN OFFICE FOR
EURO
93.6 MILLION
    * DIVESTMENT WOULD INCREASE CEREIT'S FY2022 DPU ON PRO FORMA
BASIS
BY 2.1%
    * CEREIT ENTERED INTO AGREEMENT FOR DIVESTMENT OF PIAZZA
AFFARI 2,
MILANO, ITALY AT PRICE OF EUR93.6 MILLION
    * DIVESTMENT NET PROCEEDS ARE EUR 92.4 MILLION

Source text for Eikon:  ID:nSN9B9HVb 
Further company coverage:  CROM.SI 

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