Cromwell’s directly owned Australian commercial property portfolio was valued at $3.1 / €2.0 billion as at 30 June 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 30 June 2021, Cromwell had a market capitalisation of $2.3 billion, a direct property investment portfolio valued at $3.9 billion and total assets under management of $11.9 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 460+ staff in 28 offices in 15 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $11.9 / €7.6 billion, diversely spread across a range of sectors including Office (66.0%), Retail (13.6%), Industrial/Logistics (6.1%), Property Securities (3.5%) and Other (10.8%). The portfolio comprises 220+ assets let to more than 2,700 tenants