The divestment was announced by the REIT manager in September. Two other assets in Germany were also proposed to be divested at around the same time.
The manager of Cromwell European REIT has completed the divestment of a logistics park in Bois du Tambour, France on Dec 9.
The park was divested for EUR11.0 million ($15.7 million), which is a 55% premium to the park’s latest valuation. The park was independently valued at EUR7.1 million as at June 30.
