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Cromwell European REIT: Acquisition Of 13 Via Jervis, Ivrea, Italy For S$27.35 Million.
24 Apr 2018 11:03The Property is an office building comprising three levels above ground and a basement, with traditional reinforced concrete structures and a flat roof. The building has a net lettable area of 17,990 sq m, was originally built in 1955 and has been extensively refurbished over the years, with the most recent refurbishment still in process. The Property is a freehold property which is leased to two tenants, Vodafone Italia, the second largest mobile network operator in Italy by market share and La Direzione del Benessere, a fitness and wellness centre. The Property is currently 100% let and the weighted average lease expiry is in excess of five years as at 23 April 2018. The purchase consideration for the Property is 16.90 million, approximately S$27.35 million...
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Source: ShareInvestor Express
