Cromwell’s directly owned Australian commercial property portfolio was valued at $2.2 / €1.5 billion as at 31 December 2016. It provides the majority of total group revenue and has a bias towards the office sector. The portfolio is defensive in nature with strong cash flows and a long weighted average lease expiry (WALE).
Cromwell Property Group (Cromwell) is a Global Real Estate Investment Manager that owns, manages and invests in commercial property.
Cromwell Property Group (ASX:CMW) is a Global Real Estate Investment Manager. The Group is included in the S&P/ASX 200. As at 31 December 2016, Cromwell had a market capitalisation of $1.7 billion, a direct property investment portfolio in Australia valued at $2.4 billion and total assets under management of $9.8 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 350+ staff in 30 offices in 15 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $9.8 / €6.6 billion, diversely spread across a range of sectors including Office (57%), Retail (18%), Industrial/Logistics (15%), Property Securities (7%) and Other (3%). The portfolio comprises approximately 340 assets let to more than 3,600 tenants.