Cerberus’ stake in Cromwell European REIT increases by 43 million units

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Cerberus Singapore Investor LLC’s stake in Cromwell European REIT has increased by 43,319,540 units.

These units were received by Cerberus Singapore pursuant to an equity fund raising exercise that saw Cromwell European REIT execute a 38-for-100 rights issue earlier in the year.

The funds are being used to partly finance the REIT’s acquisition of 23 properties across Europe for EUR384 million (USD437 million).

Read: Cromwell European REIT to acquire 23 properties for EUR384 million

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