Cromwell European REIT - Annual Report 2021

THE SPONSOR Both the Manager and the Property Manager are wholly-owned subsidiaries of the Sponsor Cromwell Property Group is the Sponsor of CEREIT and owns approximately 27.9% of CEREIT’s Units under issue as at 31 December 2021. Cromwell Property Group is an ASX-listed real estate investor and fund manager with operations on three continents and a global investor base. As at 31 December 2021, the Sponsor has approximately €7.8 billion of real estate assets under management globally with 450+ employees in 28 offices across 14 countries. In Europe, Cromwell has approximately 220 employees in 17 offices across 11 European countries with €3.8 billion of real estate assets under management across 19 mandates. THE PROPERTY MANAGER Cromwell Europe Limited is the Property Manager of CEREIT, with its head office in London and an established property management platform with 200+ employees in 17 offices across 11 countries in Europe, generally including countries in which CEREIT assets are located. The primary goal of the Property Manager is to build long-term mutually-beneficial relationships with tenant-customers. This enables it to understand customer needs and meet their requirements. The Property Manager’s services include but are not limited to: • Investment management services: assistance with process with sourcing, due diligence, capital management (including debt refinancing) and execution support for property transactions; • Asset management services: management of the properties, business plan advisory and support services, new investments or development / extension services, debt advisory services, onboarding of new acquisitions, lease management services, technical management services, sustainability services, disposal services and general management services; • Portfolio management services; • Accounting and administration services; • Treasury management services; • Technical property management services; • Project management services; • Development management services • Risk management services; and • ESG data collecting and reporting services CROMWELL PROPERTY GROUP’S EUROPEAN PRESENCE 17 offices providing on-the-ground local market knowledge and expertise OFFICE LOCATIONS Helsinki Stockholm Warsaw Prague Berlin Malmo Copenhagen Munich Paris Edinburgh FRANCE UK I TALY POLAND FINLAND GERMANY SWEDEN CZECH REPUBLIC SLOVAKIA London Frankfurt Luxembourg Leeds Milan Scarborough Amsterdam BENELUX CROMWELL EUROPEAN REIT 27 ANNUAL REPORT 2021