Cromwell European REIT completes first major step in non core asset sell-off strategy
Real estate investor and fund manager Cromwell Property Group has completed the sale of the Piazza Affari 2 office building in Milan on behalf of Cromwell European REIT (CEREIT). The transaction marks the first major step in CEREIT’s previously stated strategy to divest non-core and non-strategic assets over the next 2-3 years to recycle into CEREIT’s redevelopment and asset enhancement programme. Built in the 1930s and partially refurbished in 2017, Affari is an office building located in the heart of...