Cromwell Property Group has brushed aside persistent criticism from its largest investor over its European strategy and is preparing to launch a major logistics fund in the region, seeded with seven logistics facilities in an $86 million deal.
Investing alongside Cromwell is Korean real estate investment manager, IGIS Asset Management. The two investment houses have together acquired a portfolio of seven DHL facilities in northern Italy, which will ultimately seed a new fund Cromwell plans to launch later this year.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
