In his July 3 note, Natarajan believes that the move is positive and one in line with its stated strategy of rebalancing its portfolio towards the industrial (logistics) sector.
RHB's Vijay Natarajan has kept his "buy" call and EUR2.15 target price on Cromwell European REIT, following its accretive divestment of its Italian office asset, Piazza Affari 2.
The divestment, at EUR93.6 million, is in line with the property’s valuation as of June, and a 15% premium to its purchase price.
