Consistent with the manager’s previously stated strategy to divest non-core and non-strategic assets over the next two to three years, advanced negotiations are in place for the sale of Affari, says the manager of CEREIT in a bourse filing on June 9.
The manager of Cromwell European REIT (CEREIT) (SGX:CWBU
) has responded to a June 9 media report that claims one of its Milan office properties is set to change hands for close to EUR100 million ($144.62 million).
The story by London-based React News claims CEREIT is set to divest Piazza Affari 2, an office asset in Milan, Italy.
