SINGAPORE, Nov 30 (Reuters) - Cromwell European Real Estate Investment Trust CROM.SI , sponsored by Australia's Cromwell Property Group CMW.AX , started trading at 0.55 euros per unit on Thursday, same as the offer price of its 556 million euro ($659.5 million) IPO in Singapore.
Cromwell European REIT had offered 428.5 million units at 0.55 euros each. Separately, cornerstone investors had agreed to subscribe to 581.82 million units.
The IPO is Singapore's largest since a $1.7 billion IPO of NetLink NBN Trust NETL.SI , the broadband unit of Singapore Telecommunications STEL.SI . It marks the best year since 2013 for IPOs on the Singapore Exchange SGXL.SI , a global hub for REITs and property companies.
($1 = 0.8431 euros)