Cromwell’s directly owned Australian commercial property portfolio was valued at $2.5 / €1.6 billion as at 31 December 2017. 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 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 2017, Cromwell had a market capitalisation of $2.0 billion, a direct property investment portfolio in Australia valued at $2.5 billion and total assets under management of $11.2 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 370+ staff in 29 offices in 15 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $11.2 / €7.3 billion, diversely spread across a range of sectors including Office (62%), Retail (17%), Industrial/Logistics (12%), Property Securities (6%) and Other (3%). The portfolio comprises 330+ assets let to more than 3,750 tenants.