Cromwell’s directly owned Australian commercial property portfolio was valued at $3.1 / €2.0 billion as at 31 December 2021. 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 fund manager with operations on three continents and a global investor base. The Group is included in the S&P/ASX 200. As at 31 December 2021, Cromwell had a market capitalisation of $2.3 billion, an Australian investment portfolio valued at $3.1 billion and total assets under management of $12.1 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 450+ staff in 28 offices in 14 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $12.1 / €7.8 billion, diversely spread across a range of sectors including Office (65.9%), Retail (12.5%), Industrial/Logistics (6.2%), Property Securities (3.7%) and Other (11.7%). The portfolio comprises 220+ assets let to more than 2,650 tenants.