Cromwell European REIT - Annual Report 2021

100% 100% 100% 100% Singapore Europe SG SPV 4 Lux Co 4 Intermediate Entities in Luxembourg, the Netherlands SG SPV 5 Lux Co 5 Alternative Investment Funds in Italy Properties in the Netherlands Properties in Italy German Manager Subsidiary Management services Property and portfolio management services Property and portfolio management services Property management fees Management services Management fees Lux AIFM Property Manager Lux Manager Subsidiary Manager CROMWELL EUROPEAN REIT 19 ANNUAL REPORT 2021