29 Nov '16, 9am

Cromwell Considers Singapore IPO Of European Properties - Wall Street Journal

SINGAPORE—Australia-listed real-estate investment manager Cromwell Property Group is considering a Singapore initial public offering of some European office properties it manages, people familiar with the matter said on Tuesday. Cromwell Property acquired a European property funds manager called Valad Europe from Blackstone Group LP’s real-estate business last year for €145 million ($154 million). Valad Europe serves as the manager of assets valued at €3.7 billion euros including those Cromwell is looking to list in...

Full article: http://www.wsj.com/articles/cromwell-property-considers-s...

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