Summary of possible reasons published in the news:

1. The demand for its units was tepid. Demand from institutional investors wasn’t up to the company’s expectations as the deal size was too large.
2. Some investors were skeptical of the growth prospects in some of its European assets given these investors’ unfamiliarity with those markets.

Note:

1. A spokesman for Cromwell Property Group declined to comment.
2. A spokesman for SGX said that they cannot comment on specific companies.

See news here Cromwell REIT drops plans for Singapore IPO

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