“CEREIT’s logistics portfolio continues to perform well and the strong leasing momentum in this segment validates CEREIT’s pivot to logistics, with four of the five major leases secured being at logistics assets," says Simon Garing, CEO of the manager.
Cromwell European REIT (CEREIT) has in the current 4QFY2024 secured new leases for five major properties with new and existing tenant-customers across both its logistics and office portfolios.
The properties take up a total of 78,000 sqm and will help keep CEREIT's portfolio occupancy rate above 93% and further build on CEREIT’s 3Q 2024 tenant retention rate of more than 70%.
