Real Estate
The equity fundraise will also repay debt and support its commitment to CEREIT. : Cromwell Property Group is seeking up to AUD300m (€192m) equity fundraise to support its growth plans, fund its commitment to Cromwell European REIT (CEREIT) and to repay debt. The real estate manager has issued securities at AUD98 cents each, representing a 4.9% discount to its last closing price. Cromwell said the equity raising is partially underwritten, and that together with commitments received from major security-holders, the proceeds are AUD210m.