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

UBS Group AG’s deemed interest in Cromwell European REIT has increased by 9,614,919 units.

This increase came about after affiliates or subsidiaries of the Switzerland-headquartered multinational investment bank acquired units in the REIT.

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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.