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CEREIT acquires portfolio from ARETE for €113.2 million
On December 10th, ARETE Group and Cromwell European REIT signed a purchase agreement where ARETE Invest CEEII sells its overall portfolio for €113.2 million at net operating income yield of 6.7%. Transaction is expected to close in Q1 2021, allowing for the full fiscal year 2020 closing and smooth handover…