ARTICLES LABELLED WITH TAG Cromwell

Cromwell has completed the acquisition of all third party investor interests in the Cromwell Polish Retail Fund (CPRF). CPRF contains seven catchment-dominating shopping centres with a Gross Asset Value of approximately €600 million. The centres have an occupancy rate of 96.3% and a weighted average lease term (WALT) of 5.1 years.

Cromwell Property Group has exercised its pre-emptive right to acquire a third-party investor interest in the Cromwell Polish Retail Fund (CPRF), which it has managed since acquiring the investment and asset manager from GE Capital Real Estate in 2013. The fund contains seven catchment dominating shopping centres with a gross asset value of circa €600 million. Since taking over the management of the fund, Cromwell has completed several major asset management initiatives including several refurbishments and expansions, as well as numerous lettings including a 170,000 sqm deal with Auchan and Schiever Polska across eight long-term leases in 2015.

Cromwell European REIT has announced that it is to acquire six office properties in France and Poland. CEREIT is to pay €246.9 million for all six properties.

Cromwell Property Group has completed the sale of the Pohořelice Industrial Park to an undisclosed buyer for an undisclosed sum. The 44,444 sqm complex, which is situated about 27 km south of Brno, comprises a logistics building, a fully-refurbished cross-dock building and a workshop together with an assembly unit. The asset formed part of the Cromwell European Industrial Fund (CEIF) portfolio.

Cromwell EREIT Management Pte. of Cromwell European Real Estate Investment Trust has announced the acquisition of 23 properties across five countries in Europe. These comprise 16 properties in the Netherlands, Finland and Poland, two properties in Italy, as well as five properties in France.

LiNK Hradec Králové, the first of a number of planned industrial and logistics projects by LinkCity Czech Republic and Cromwell Property Group, has been completed.

Cromwell Property Group has sold the Čestlice Business Park in Prague-East for €17.5 million to an undisclosed buyer.

Cromwell Property Group, has entered into a strategic partnership with Linkcity, member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.

In the two-year period since acquiring the office building for the Cromwell Central Europe Retail Partnership (CCERP), Cromwell has generated more than 21 per cent IRR for investors. The name of the buyer and the purchase price has not been disclosed.