Cromwell’s directly owned Australian commercial property portfolio was valued at $3.0 / €1.8 billion as at 31 December 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 31 December 2020, Cromwell had a market capitalisation of $2.3 billion, a direct property investment portfolio in Australia valued at $3.0 billion and total assets under management of $11.6 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 440+ staff in 28 offices in 14 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $11.6 / €7.3 billion, diversely spread across a range of sectors including Office (66.2%), Retail (14.3%), Industrial/Logistics (13.4%), Property Securities (3.3%) and Other (2.8%). The portfolio comprises 220+ assets let to more than 2,850 tenants.