Cromwell European REIT (CREIT)'s manager has announced to sell 12 properties in Netherlands, France and Denmark for a total $65.7m Euro to a private equity fund advised by Blackstone. The transaction is expected to complete by Feb 2020.
3 things that you need to know
1. In terms of valuation, the sale price was transacted at a 15.2% premium to its original purchase price and 4.1% premium to its latest market value. After taking into consideration