Cromwell’s directly owned Australian commercial property portfolio was valued at $3.2 / €1.9 billion as at 31 December 2019. 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 Real Estate Investor and Manager that owns, manages and invests in commercial property.
Cromwell Property Group (ASX:CMW) 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 2019, Cromwell had a market capitalisation of $3.1 billion, a direct property investment portfolio in Australia valued at $3.2 billion and total assets under management of $11.9 billion across Australia, New Zealand and Europe.
Cromwell’s platform comprises 420+ staff in 29 offices in 14 countries across Australia, New Zealand and Europe. Total Assets Under Management (AUM) are AUD $11.9 / €7.5 billion, diversely spread across a range of sectors including Office (64.7%), Retail (15.8%), Industrial/Logistics (12.7%), Property Securities (3.4%) and Other (3.4%). The portfolio comprises 250+ assets let to more than 3,500 tenants.