Industrial capability - Cromwell Property Group

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Our industrial & logistics capability

Cromwell’s industrial capability sits within our fully integrated platform and focuses on the delivery and long‑term management of high‑quality industrial and logistics assets across Australia. We partner with institutional and wholesale investors seeking access to resilient industrial opportunities supported by strong tenant demand. Our capability is underpinned by local expertise, disciplined processes and long‑standing tenant and market relationships that contribute to enduring asset performance.

Established track record

Our team has delivered industrial projects at scale, with results underpinned by a focus on risk management, quality of execution and tenant outcomes.

20+

design & construct and value‑add projects

190,000+

square metres of completed GLA

3

master planned industrial estates

c$567m

in industrial assets under management

Cromwell’s Industrial Partnership Portfolio

We manage a substantial industrial portfolio within our platform, supported by institutional‑grade capital and long‑term investment partners

View the portfolio

Local knowledge and experience

Our team has deep market insight and long‑standing relationships with tenants, brokers, planning authorities and delivery partners. With an average of more than 20 years’ experience across development, asset management and investment, this expertise supports effective sourcing, informed decisions and consistent project outcomes.

End‑to‑end industrial expertise

We manage the full asset lifecycle, providing a cohesive approach from origination through to ongoing asset performance.

Origination and underwriting
Development and project management
Asset and facilities management
Leasing and tenant engagement
Capital and debt structuring

We deliver end‑to‑end industrial and logistics development solutions, shaping high‑quality assets across Australia’s key markets.

View our development portfolio

What underpins our approach

Cromwell’s industrial and logistics capability is guided by a set of principles that shape how we design, deliver and manage assets for long‑term performance

Flexibility

A nimble and adaptive approach that ensures every facility is tailored to unique operational and tenant requirements.

Specialisation

Deep expertise in logistics, manufacturing and science‑based industries, enabling delivery of facilities that meet complex technical needs.

Accountability

End‑to‑end responsibility across the development and asset management lifecycle, providing confidence and consistency for tenants and investors

Risk‑management

Rigorous feasibility, planning, due diligence and program oversight embedded throughout every project, from inception to exit.

Local knowledge

Deep understanding of local markets, regulatory frameworks and supply‑chain dynamics, leveraging on‑the‑ground insight to identify and secure opportunities.

Strong relationships

Direct engagement with tenants, contractors and stakeholders to ensure transparent communication and strong, enduring partnerships.

Case Studies

Kilsyth Connect: Adaptive re‑use and tenant‑led industrial redevelopment

Project overview

Targeted off‑market site identification and acquisition of a 3.7‑hectare industrial estate in one of Melbourne’s tightest logistics markets (vacancy below 1%)
Navigated a complex, staged acquisition structure and repositioned the estate to meet demand for modern manufacturing and logistics facilities
Strategic location with direct links to EastLink, Maroondah Hwy and regional transport networks, supporting advanced manufacturing and just‑in‑time logistics needs
Close market engagement identified demand for well‑located facilities capable of attracting and retaining a high‑skilled workforce
Sustainability initiatives embedded across the estate, including adaptive re‑use, solar PV, EV charging and rainwater harvesting

Key Project Outcomes

66% leased, including pre‑committed by Jenera to a 10,000 sqm purpose‑built advanced manufacturing, assembly and distribution facility, supporting its long‑standing partnership with Paccar (Kenworth Trucks) and incorporating metal fabrication, precision machining and high‑tech manufacturing processes
A final prime‑grade warehouse is now under construction, expected to complete in Q3 2026, representing one of the last remaining opportunities of its calibre in Kilsyth

Veritus Research: Adaptive re‑use to deliver a state‑of‑the‑art clinical trials facility

Project overview

Delivered an R&D‑ready suite through the adaptive re‑use of existing industrial space
Designed in partnership with Veritus Research to create the largest state‑of‑the‑art Clinical Trials Facility in Eastern Melbourne
Bayswater selected for its proximity to major hospital emergency rooms and its accessibility to Melbourne’s broader demographic pool
Location aligned with Victoria’s reputation as a leading destination for pharmaceutical R&D due to population scale, diversity, and a strong history of Therapeutic Goods Administration (TGA) approvals for access to the US market
Located within Building 21 at Mountain Highway Business Park, re‑positioned from its former use as a component assembly facility into a sophisticated 42‑bed clinical trials environment supporting Early Phase and First‑In‑Human studies

Key Project Outcomes

Delivered a modern clinical trials suite through targeted adaptive re‑use of industrial space
Converted an older asset into a highly specialised research facility aligned with Veritus Research’s advanced clinical capabilities
Enhanced the precinct’s emerging life‑sciences ecosystem through strategic repositioning
Achieved strong alignment with tenant needs, ensuring the facility supports clinical operations, patient access and research workflow
Reinforces Cromwell’s capability to deliver complex, tenant‑led value‑add projects within established business and logistics precincts

Explore our other capabilities

400 George Street Brisbane - Cromwell investment portfolio

Office

Value‑add & repositioning

Kilsyth Artist Impression

Development