Cromwell European REIT Review @ 3 September 2023
By REIT-TIREMENT  •  September 3, 2023
Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, Czechia & EnglandNo. of Properties (exclude associate/fund): 113

Key Indicators

Performance Highlight
Gross revenue and NPI have improved slightly YoY. However, distributable income and DPU declined YoY mainly due to higher finance costs and the absence of distribution from divestment gain.

Rental Reversion

CEREIT achieved +5.9% rent reversion for 1H 2023 and + 3.6% in 2Q 2023.


On 30 June, CEREIT divested Piazza Affari 2 at a 14.6% premium to the purchased price. While the divestment of Viale Europa 95 is still pending.


Development of Lovosice ONE Industrial Park has been completed with 46% pre-let and is expected to be fully leased up by year-end. Whereas developments for Via Nervesa 21 and Maxima are in progress, Nervesa 21 is on track to be completed by 1Q 2024.

Related Parties Shareholding

REIT Sponsor's Shareholding: ± 10% from
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I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...

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