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

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

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.