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

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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 (S$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, said in a regulatory filing on Thursday that it intends to launch the IPO in September this year, if all conditions are met.

The IPO is subject to market conditions, relevant regulatory and other...(click on link for full story on