by: Tam Ging Wien

2nd Largest IPO in Singapore for 2017 On-Hold

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In a surprising turn of events, Australian real estate investment manager Cromwell Property Group (Cromwell) has put on-hold the listing of Cromwell European REIT (SGX; CEREIT). The IPO would have been the first REIT to be denominated in Euros (€) and the second largest IPO in Singapore this year.

Cromwell in a regulatory filing on the Australian Stock Exchange dated 22-Sep-2017 entitled Cromwell Elects Not to Register Prospectus has stated …