Cromwell E-Reit to acquire logistics park in Italy for 52.6m euros

Singapore

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has entered into an agreement via a wholly-owned vehicle to acquire a logistics park in Italy for 52.6 million euros (S$84.2 million).

The freehold intermodal logistics park with 156,888 square metres (sq m) of net lettable area (NLA) will add around 10 per cent to Cromwell E-Reit's overall portfolio NLA, the manager of Cromwell E-Reit said in an exchange filing on Wednesday morning.