Simon Garing, CEO of Cromwell European REIT. (Photo: Cromwell European REIT)

It has been more than a year since Cromwell European REIT (CEREIT) articulated the plan to reduce its exposure to the office segment in favour of logistics assets.

This ‘pivot to logistics’ strategy was disclosed by the REIT at the height of COVID-19 pandemic when employees worked from home enmasse, given prevailing social restrictions then.

To realise this plan, the REIT has been progressively acquiring light industrial and logistics assets across Western and Central Europe, while simultaneously reducing its exposure to the office segment via selective disposals.

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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.