Cromwell European REIT property in Amsterdam, De Ruijterkade 5 (Photo: Google Maps)

The Singapore branch of UBS AG has acquired 9,466,000 units of recently listed Cromwell European REIT.

Units of the REIT were acquired by the Swiss financial services company at an aggregate price of EUR0.55 each.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.