Cromwell’s directly owned Australian commercial property portfolio was valued at $3.0 / €1.8 billion as at 30 June 2020. 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 (ASX:CMW) (Cromwell) is a real estate investor and manager with operations on three continents and a global investor base. The Group is included in the S&P/ASX 200. As at 30 June 2020, Cromwell had a market capitalisation of $2.4 billion, a direct property investment portfolio in Australia valued at $3.0 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 460+ staff in 29 offices in 14 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $11.5 / €7.3 billion, diversely spread across a range of sectors including Office (66.2%), Retail (15.5%), Industrial/Logistics (12.2%), Property Securities (2.8%) and Other (3.3%). The portfolio comprises 220+ assets let to more than 3,000 tenants.