BlackRock has emerged as a substantial shareholder of Cromwell European REIT (CEREIT), revealed the REIT’s manager on Sept 21.
According to an SGX filing, BlackRock, on Sept 17, paid $1.00 million for 382,400 units in CEREIT from the market, or around $2.62 per unit.
With that, BlackRock now holds a total of 28.15 million units in the CEREIT, equivalent to 5.03%, up from 4.96% previously.
Units in CEREIT closed flat at €2.60 on Sept 21.
Photo: CEREIT
