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Cromwell European REIT buys an office buildings in Ivrea

Posted: 1 May 2018

Cromwell European REIT is buying an office building in Ivrea (TO) for € 16.9 million.

In the past few days, Cromwell EReit Mananagement, manager of REIT, has announced that the Asian company Perpetual, the REIT trustee, has signed a preliminary sale and purchase agreement with Savills Incestment Management SGR. That one is the company that manages the C3 Investment Fund, an alternative investment fund whose shares are held 100% by Cerberus SICAV-SIF, which owns the building.

The property is located in via Jervis 13 and offers a net rentable area of almost 18,000 square meters. Currently it is 100% leased to two tenants: Vodafone Italia and the fitness center La Direzione del Benessere.

The acquisition should be completed by June 30 this year.