Cromwell EREIT Management Pte. Ltd., the manager (the "Manager") of Cromwell European Real Estate Investment Trust ("Cromwell European REIT" or "CEREIT") announced that it has secured a major new lease with a leading global asset management firm at Haagse Poort in The Hague, Netherlands. This 10,000 sqm is currently let to Nationale Netherlanden (NN), the tenant-customer at the asset, The successful re-leasing two years ahead of expiry demonstrates the strength of the asset and the capabilities of on-the-ground local Dutch team.

With The Hague's latest office vacancy at only 2.7% 2, high quality BREEAM certified office space is currently in short supply. Haagse Poort is one of the most iconic high-rise office buildings in The Hague. Spanning 68,500 sqm, the 16-storey building has been in CEREIT's portfolio since listing.

Strategically located in Beatrixkwartier, the central business district of The Hague and one of the best-performing office locations within the Netherlands, the asset was recently refurbished with upgrades to its high-rise entrance lobby, the installation of a new green biophilic area and restaurant, as well as elevator enhancements. In addition, the property also has charging points for electric vehicles and e-bikes, as well as a BREEAM "Very Good" certification. All these enhancements have raised the asset's attractiveness amid tight supply and strong occupier demand for modern office spaces in strategic office locations.