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Cromwell European REIT acquires Italian office building for $27.4 mil

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Cromwell European REIT acquires Italian office building for $27.4 mil

Samantha Chiew Published on Tue, Apr 24, 2018 / 8:26 AM GMT+8

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SINGAPORE (Apr 24): Cromwell European REIT (CEREIT) is acquiring an office building located at 13 Via Jervis, Ivrea, Italy for €16.9 million ($27.4 million).

The office building comprises three levels above ground and a basement, with a net lettable area (NLA) or 17,990 sqm.

The building was originally built in 1955 and has been extensively refurbished over the years, with the most recent refurbishment still in process.

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