Industrial capability - Cromwell Property Group
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Developing and managing industrial, logistics and business parks across Australia

Home Industrial capability

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 specialises in industrial assets designed for occupiers with complex operational requirements, including defence, life sciences and dangerous goods users.

Local knowledge and experience

Our team brings 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 decision‑making and the delivery of complex industrial projects with consistent 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

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

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.

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

 

View our development portfolio

Case Studies

Proactive repositioning of Mountain Highway Business Park

 

Project overview

  • Developed an execution-ready strategy to reposition and reconfigure 8,000 sqm of office and life sciences space ahead of Siemens’ exit, with works scheduled to commence immediately upon vacancy.
  • A diverse range of fitted tenancy sizes are being delivered through a strategic subdivision and refurbishment program that leverages the existing floorplates and central core amenities.
  • A phased FY26 capital works program created opportunities to secure tenants ahead of completion, reducing downtime, staggering future lease expiries and capturing positive rental reversion, with several targeted life sciences and technical occupiers already progressing towards lease commencement following completion of the works.
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

  • Stage 1 successfully delivered, with Jenera secured for a purpose-built 10,000 sqm advanced manufacturing, assembly and distribution facility and AFL Global occupying the refurbished warehouse and office facility.
  • Practical completion achieved for the final office-warehouse buildings in Stage 2.
  • The project demonstrates Cromwell’s value-add capability, transforming an underutilised industrial asset into a modern prime-grade logistics estate aligned with evolving occupier demand and creating long-term value for investors.
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

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