72000 shares @ 0.500 EUR a share

Expected yield: 8.2% based on last half yearly payout

Accordingly, this investment may yield around SGD 4,300 a year in dividends, or around SGD 360 a month.  Yet another step towards breaking 100k a year passive in 2020.

Why?

Diversification

Wanted some geographical diversification.  I currently have exposure to Singapore, UK, and Australia (AA REIT +  FCOT + Starhill), China  (CRCT), US (Eagle HTrust), ID (First REIT).

Ultimately, it was a toss up between IREIT and Cromwell.  Overall, I preferred Cromwell REIT because I feel there is less tenant concentration risk compared to IREIT.

ECB money printing quantitative easing bond purchases

This is a double edged sword.

On the one hand, low interest rates is always a boon for REITs. It provides cheap financing for the REIT to acquire new assets, and further boosts the NAV of the underlying assets.  Cromwell REIT is already trading at a discount to NAV.