The higher valuations were thanks to the valuation gain of 2.4% from the logistics and light industrial sectors, but offset by the 2.3% drop in valuation for offices and 0.8% dip for “others”.
Stoneweg European REIT, formerly Cromwell European REIT, has reported a total portfolio valuation of EUR2.24 billion ($3.17 billion) for its 105 properties as at Dec 31, 2024.
Valuations were up by 0.3% or EUR6.9 million compared to valuations as at June 30, 2024. According to the REIT manager, the higher valuation reflects the stabilising conditions in Europe and is supported by rental growth, lower risk-free rates and improved financing conditions for selective asset classes.
