Singapore-listed Cromwell European REIT has entered into a share-purchase agreement that will see it acquire three logistics properties in France for a total consideration of EUR21.6 million (USD24.6 million).

The shares, which will be acquired from CDPG Luxembourg S. à r. L. via a Cromwell European REIT subsidiary known as Logistics France 1 SAS, are located in Sully-sur-Loire, Parcay-Meslay, and Villeneuve-lès-Béziers respectively.

The Sully asset has 15,500 square metres of lettable area, and is currently fully let to Inteva Products, a key automotive supplier for the CSA Peugeot group.

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