Cromwell European REIT (“CEREIT” or “Crownwell”) announced that its public offering was 3.1x subscribed. The over-allotment option was exercised as well.

Cromwell European REIT IPO Balloting Result announcement.

See the summary of Cromwell European REIT IPO Prospectus here.

Symbol for Cromwell European REIT (CEREIT) in Singapore Stock Exchange is CNNU.SI

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Cromwell revives pan-Europe Reit listing

Latest Cromwell European REIT IPO Prospectus  Total 1058 pages.

See previous Cromwell European REIT IPO Prospectus here.

• Type = Office / Light Industrial / Logistic / Retail (Europe)
• Sponsor = Cromwell Property Group (hold about 35.8% of the total number units)
• Total Unit Offered = 1,573,990,000
• Capitalization = €1,360.1 million
• Portfolio = 74 (Denmark, France, Germany, Italy and the Netherlands)
• Portfolio Size @ IPO =  €1.35 billion
• IPO Offer Price = €0.55
• Number of units in issue = About 428.54 million
• NAV = €0.53
• Price / NAV = 1.038
• Distribution Yield = 7.8%
• Distribution Policy = 100% (until 2019), thereafter (at least 90%). Semi-annual.
• WALE = 4.9 Years
• Tenant > 700 leases
• Occupancy Rate = 87.7%
• Gearing Ratio = 37.2%
• WADM = 4.0 Years
• Plan Listing: Nov 30, 2017
• Application period = Nov 22 to Nov 28, 2017

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Portfolio

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Debt Profile

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REIT Structure

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Shareholders

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Cromwell European REIT 2018 DPU Yield Comparison

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Euro SGD Exchange Rate

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Cromwell European REIT Indicative IPO Timetable

Compare to other Singapore REITs here.

Check below on other events:

REITs Investing Course

REITs Portfolio Advisory