Including the acquisition fee and other fees, the total purchase cost is estimated to be at €16.3 million or $22.9 million.
The manager of Cromwell European REIT (CEREIT), on Oct 18, announced that it has completed the acquisition of an asset in Brøndby, Copenhagen, Denmark (Sognevej 25) for DKK117.4 million (approximately €15.8 million or $22.3 million).
The consideration is said to be 7% below independent valuation and 46% below replacement cost.
