Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Cromwell European Reit
09-09-2017, 11:55 AM,
Post: #1
Cromwell European Reit
Cromwell European Reit hopes to raise $2b from IPO
It will issue units at between 55 and 57 euro cents each

by Marissa Lee
Sep 09, 2017

Cromwell European Reit has lodged a preliminary prospectus for a listing on the Singapore Exchange (SGX) mainboard, with plans to start trading on Sept 28.

The real estate investment trust, which draws rental income from 81 properties in six European countries, expects to raise gross proceeds of up to €1.25 billion (S$2 billion). Units will be issued at between 55 and 57 euro cents a unit.

Based on the IPO price range, the Reit is forecasting a distribution yield of 7.5 to 7.7 per cent for next year.

The offer size of 1.58 billion units consists of an international placement tranche of about 1.2 billion units, a Japanese public offering of 268 million units, and 79 million units that will be offered to the Singapore public.

The public offering will open at 9pm on Sept 21 and close at 12pm on Sept 26, based on its indicative timetable.

More details in
Specuvestor: Asset - Business - Structure.
Website Find Reply

Forum Jump:

Users browsing this thread: 1 Guest(s) | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: |