Our History

Hear more about Cromwell's journey to date from CEO Paul Weightman below.

1998

Westholme Limited, a property syndicator, is recapitalised resulting in a new Board of Directors and a name change to Cromwell Corporation Limited. Cromwell, as we know it, has commenced.

1998 – 2003

Cromwell purchases 14 properties With a value of more than $300 million IN five different Australian states from 1998-2003, Of this, $58 million becomes part of the Cromwell Diversified Property Trust (CDPT).

2004

CDPT purchases 11 properties for $152 million. The acquisition of the landmark 700 Collins Street, Melbourne completes at a cost of $133 million, forms the cornerstone investment in the CDPT.

2006

CDPT is merged with five smaller unlisted property trusts and stapled to Cromwell Corporation Limited creating Cromwell Property Group.

2010

Cromwell raises $75.4 million via a placement and rights issue and acquires the Qantas Global Headquarters in Mascot, NSW for $143 million.

2013

A portfolio of seven assets is acquired from the NSW State Government for $405 million and the landmark North Sydney building, Northpoint Tower, is acquired for $278 million. Cromwell enters the S&P/ASX 300 Index.

2015

Expands into Europe by acquiring Valad Europe, a pan-european commercial real estate platform for $208 million. Construction commences on a new $172 million building to be leased by the Department of Social Services at Tuggeranong Office Park, ACT.

2016

Launches Cromwell European Cities Income Fund with the purchase of a seed portfolio of three Dutch assets. Commences work on the $130 million redevelopment of Northpoint Tower.

2017

Rebrands Valad Europe to Cromwell in order to create a consistent global brand and platform.