Cromwell European REIT - Annual Report 2021

Parc des Docks 50 rue Ardoin, Saint Ouen, France HIGHLIGHTS > The “jewel in the crown” is a cluster of 11 industrial buildings located in Saint-Ouen in Paris, a suburb that is well-suited for last-mile logistics being only three kms away from the Champs-Elysees; Saint-Ouen is also very accessible from the Paris CBD by road and public transport and to/ from Roissy-Charles de Gaulle International airport > The site is bordered by mixed use buildings, in particular various new residential buildings > The growing importance of this submarket is driven by the Grand Paris infrastructure project’s delivery of new metro stations nearby and the construction of the Olympic village in 2024, only a few km away 03 1 As at 31 Dec 2021 Property Type Light Industrial/ Logistics Acquisition date 30 Nov 2017 Purchase Price €98,000,000 NLA 73,371 sqm Lease type Multi-tenanted Land tenure Freehold Gross Revenue FY 2021 €10,590,535 86.8% Occupancy 1 (-3.5 p.p. y-o-y) €147.3 million Property Valuation 1 (+50.3% since acquisition) TOP 10 PROPERTIES FOCUS ON STRENGTHS PIVOT TO LOGISTICS 62