Changes to CEREIT's Stock Codes
Dear unitholders, Cromwell European REIT Units' various stock codes have been changed with effect from 11 May 2021, following the completion of the 5:1 unit consolidation. Please refer to the table below for the updated information.
|Cromwell REIT EUR||CWBU||SGXC37098255||BL9YQK1|
|Cromwell REIT SGD||CWCU||SGXC37098255||BL9YQM3|
Cromwell European REIT Acquires a Modern Freehold Logistics Asset in the Czech Republic
- The Czech Asset is being acquired at an attractive price of €10.1 million (approximately S$16.4 million), at a net operating income (“NOI”) yield of 6.4% and below independent valuations
- The Czech Asset is 97.3% let for an average minimum lease term of 6.5 years to three quality tenant-customers with strong credit standing
- The Czech Asset is located in an established industrial park within Hradec Králové, a fast-growing logistics location in the north-east of the Czech Republic with good connectivity to the rest of Europe and no vacancy in the submarket
- The Czech Asset will improve CEREIT’s portfolio from a sustainability perspective as it has a “Very Good” BREEAM rating and is certified with an Energy Performance of “Level A – Extremely Efficient”
Our investors are at the forefront of everything we do.
The Manager is committed to ensuring that CEREIT meets expectations of good corporate governance and sustainable business practices while seeking to achieve superior investor performance over the medium and long term.
The Board and the Manager are both proactive with respect to corporate governance and actively review developments to determine which corporate governance arrangements are appropriate for CEREIT and its investors.
The Code of Corporate Governance 2018 is adopted as the REIT's benchmark for corporate governance policies and practices.