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Allen Overy has advised Cromwell European REIT (CEREIT), a diversified Pan-European Real Estate Investment Trust listed on the main board of the Singapore Exchange, on successfully raising and conducting a EUR625 million debt restructure. As a result, CEREIT now has a weighted average term of debt extended to 3.6 years whilst maintaining its cost of funding at approximately 1.50%.
AO lead partner Frank Mausen commented: “We are proud that our unrivalled experience and international network enabled us to efficiently assist Cromwell Property Group and CEREIT.”
Gwendal Kalkofen, Head of Real Estate Finance at Cromwell, in a press release issued by Cromwell Property Group, said: “It is great to have been instrumental in the successful raise of...
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