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Cromwell European REIT's Portfolio Demonstrates Resilience With Minimal 1.6% FY 2022 Valuation Decline; Gearing Expected To Remain Below 40%

BackJan 31, 2023
Announcement Title Notice of Valuation of Real Assets
Date & Time of Broadcast Jan 31, 2023 7:29
Status New
Announcement Sub Title CEREIT's PORTFOLIO DEMONSTRATES RESILIENCE WITH MINIMAL 1.6% FY2022 VALUATION DECLINE
Announcement Reference SG230131OTHRNSZD
Submitted By (Co./ Ind. Name) Simon Garing
Designation Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) CROMWELL EUROPEAN REIT's PORTFOLIO DEMONSTRATES RESILIENCE WITH MINIMAL 1.6% FY 2022 VALUATION DECLINE; GEARING EXPECTED TO REMAIN BELOW 40%

Please refer to the attachment.
Additional Details
Valuation Details
Date of Valuation Name of the Valuer Description of Property Valuation Currency Valuation Amount
31/12/2022 Savills Advisory Services Limited Please refer to the attached announcement. Euro 1,586,676,800
31/12/2022 CBRE Ltd Please refer to the attached announcement. Euro 901,424,552
Valuation of Reports available for inspection at address during office hours 50 Collyer Quay, #07-02 OUE Bayfront, Singapore 049321
Reports available till date 30/04/2023

Attachments

  1. Attachment 1 (Size: 252,837 bytes)

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