DBS issues ‘Buy’ recommendation on Cromwell European REIT

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DBS has initiated coverage on Cromwell European REIT with a ‘Buy’ recommendation.

The bank highlighted the REIT’s exposure to an improving European economy, and real estate with high yield spreads as factors that have elicited the recommendation.

Cromwell European REIT is the first Singapore-listed REIT with a diversified pan-European portfolio.

The REIT invests office, light industrial, logistics and retail assets located in Denmark, Germany, France, Italy, and the Netherlands.

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