Cromwell European REIT's Runcorn asset in the UK. (Cromwell European REIT)

An activist investor in Singapore has called on Cromwell European REIT to commence a units buyback programme amid prevailing discounts.

The investor, Quarz Capital, made the call in an open letter, a copy of which was provided to REITsWeek.

Cromwell European REIT is a Singapore-listed but Europe focused REIT with a portfolio of mostly office and light industrial assets.


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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.