SGX gives nod for Cromwell European REIT’s proposed $1.6 bil IPO

SINGAPORE (Aug 24): Singapore Exchange (SGX) has issued its Eligibility-to-List (ETL) for the proposed initial public offering (IPO) of the Cromwell European Real Estate Investment Trust (CEREIT) at an estimated one billion euros ($1.6 billion).

CEREIT is a Singapore REIT with diversified portfolio of income-producing real estate assets in Europe.

Its sponsor, the ASX-listed Cromwell Property Group, says in a regulatory filing on Thursday that it intends to launch the IPO in September this year, if all conditions are met.

---

Related Stories

• Australia approves US$50 mil investment into Singapore’s Fast-P blended finance initiative
• MAS imposes fine on JP Morgan Chase for failing to detect misconduct by its RMs
• Suntec REIT biggest beneficiary from MAS’s ‘looser’ leverage, ICR rules: OCBC

---