The primary drivers of this valuation increase include stabilising market conditions in Europe, lower risk-free rates, improved financing conditions for selective asset classes, and the completion of development projects. The valuation boost was largely attributed to higher market rents driven by positive economic factors such as inflation, easing monetary policy, and improving demand prospects.
The manager of Cromwell European Real Estate Investment Trust (CEREIT) announced, on July 3, that its total portfolio valuation has inched up by 0.6% to EUR2.24 billion ($3.04 billion) as at June 30, compared to its valuation as at Dec 31, 2023.
The valuations were conducted independently by CBRE and Savills Advisory Services for the 107 properties in CEREIT’s portfolio.
