AUS­TRALIA’S CROMWELL TO FLOAT €900M REIT IN S’PORE

The Sun (Malaysia) - - SUNBIZ -

SYD­NEY: Aus­tralia’s Cromwell Prop­erty Group will tap Asian in­vestors in a bid to raise as much as €900 mil­lion (RM4.54 bil­lion) through a real es­tate in­vest­ment trust in Sin­ga­pore, ac­cord­ing to a prospec­tus lodged Fri­day. The trust, called CEREIT, will hold 81 of­fice, in­dus­trial and re­tail prop­er­ties across Europe, which Cromwell val­ues at about €1.8 bil­lion. – Reuters

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