Cromwell European Real Estate Investment Trust (SG:CWBU) has released an update.
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Cromwell European Real Estate Investment Trust (CEREIT) is undergoing significant changes with the sale of a 27.79% stake to Stoneweg Global Platform SCSp for approximately €280 million. To facilitate this transaction, CEREIT has refinanced a key debt facility with ABN Amro Bank N.V., offering greater flexibility for future redevelopment projects. This strategic move underscores CEREIT’s adaptability in managing its portfolio in the evolving real estate market.
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