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Cromwell Property Group buys Blackstone Valad Europe for €145m

Cromwell Property Group, the Australian REIT, last night announced the acquisition of Valad Europe for €145m, financed by the issuance of a euro-denominated €150m convertible bond.
By James Wallace
January 27, 2015 | 12:56 P.M.

The purchase price reflects an EBITDA multiple of approximately 6.4x.

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News | Cromwell Property Group buys Blackstone Valad Europe for €145m