Chief Executive Officer

Skills and Experience

Jonathan Callaghan was appointed Chief Executive Officer of Cromwell Property Group in October 2021. Since then, he has led a strategic repositioning of the business, focused on streamlining operations, deleveraging the balance sheet, and transitioning Cromwell to become a capital-light, regionally focused real estate investment manager. Under his leadership, the Group completed a $1.6 billion divestment program, including the sale of its European platform, enabling a sharper focus on core markets in Australia and New Zealand and strengthening the company’s financial position for long-term growth.

Before joining Cromwell, Mr Callaghan spent 14 years at Investa Property Group, where he held several senior roles including General Counsel, Joint Managing Director, Finance Director, and ultimately Chief Executive Officer in 2016. During his tenure, he oversaw the Investa Commercial Property Fund, which was the top-performing core office fund across multiple time horizons at the time of his departure. Investa was also recognised as an industry leader and named in the AFR BOSS Best Places to Work list for 2021 in the property sector.

Earlier in his career, Mr Callaghan spent time at law firms Gilbert & Tobin and Corrs Chambers Westgarth. Mr Callaghan holds a Master of Applied Finance from Macquarie University and a Bachelor of Science (Hons) and Bachelor of Laws (Hons) from the University of Sydney. Mr Callaghan is a Member of the Property Champions of Change Coalition.

Chief Financial Officer

Skills and Experience

Michelle Dance is Chief Financial Officer for Cromwell Property Group. Michelle has worked with some of Australia’s largest corporate institutions in senior executive and finance roles in the real estate and financial services sectors over the past three decades. Previously, she was Fund Manager for the Australian office portfolio managed by Cromwell Property Group.

Prior to joining Cromwell, Michelle was Fund Manager for the Dexus Office Partnership, a A$5.3billion joint venture between Dexus and the Canadian Pension Plan Investment Board.

Michelle holds a Master of Commerce, majoring in Economics and Finance and has been a regular lecturer in Real Estate Finance at the University of Technology Sydney.

Chief Operations Officer

Skills and Experience

Roxanne has been Chief Operations Officer at Cromwell since 2024. Prior to that, she held multiple roles in our Corporate Operations team, including Head of Corporate Operations and Head of People & Culture, in which she led the her team to design and execute innovative, effective strategies that build capability and enable Cromwell to execute on its overall business strategy in Australia, Singapore, and across Europe. She holds a Bachelor of Commerce, majoring in Marketing and Human Resources, from QUT – and is currently completing a Masters of Business Administration at UQ Business School.

In her current role, Roxanne is responsible for overseeing Cromwell’s People and Culture, IT, Office and Administration, and Marketing teams. As a highly experienced, dedicated leader in our business, Roxanne works with Cromwell’s Board, Nomination and People Committee, and Executive Team to ensure that the business’s objectives are met.

Head of Industrial, Transactions & Development

Mark Brammy leads Cromwell Property Group’s Industrial, Transactions & Development team, driving strategy and growth across the industrial and logistics sector. He joined Cromwell following its acquisition of Terre Property Partners in December 2025, where he served as CEO and set the firm’s strategic direction.

With more than 20 years of experience in industrial and logistics property, Mark has a proven track record of delivering exceptional outcomes for investors and fostering collaborative, customer-focused solutions. Prior to Terre, he was Managing Director of Integrated Logistics Partners, a Straits Real Estate sponsored direct property investment vehicle targeting pre-leased development and value-add strategies across key Australian cities. During this role he successfully grew the portfolio to approximately $500 million.

Chief Operating Officer – Property

Skills and Experience

Tessa joined Cromwell in April 2022, and is responsible for delivering high-quality, value-enhancing property services to Cromwell’s funds while maintaining the profitability of Cromwell Property Services. She coordinates a team of more than 40 property managers, asset managers, leasing and facility managers, sustainability and project managers.

Tessa has more than 15 years’ experience in the property sector, managing and enhancing performance across commercial, industrial, and retail assets in both Australia and New Zealand. Tessa is a strong people leader and has a focus on efficiency and continuous improvement.

Tessa joined Cromwell from JLL, where she was General Manager of the Queensland ISPT Commercial Portfolio. She holds a Bachelor of Business Studies from Massey University in New Zealand, majoring in Valuation and Property Management, and is a certified Prosci Change Practitioner.

Chief Legal & Commercial Officer

Skills and Experience

Andrew Murray is responsible for the legal and company secretarial, risk and compliance, and capital transactions functions at Cromwell.

Andrew has extensive experience in the real estate sector, with particular capabilities in mergers and acquisitions, funds management, corporate governance, and property development. With more than 20 years’ experience, Andrew has held in-house and private practice roles with various organisations, including Investa Property Group, AVID Property Group and Allens.

Andrew has a Bachelor of Laws and a Bachelor of Economics, and is a member of the Law Society of New South Wales.

Chief Investment Officer

Skills and Experience

Rob is responsible for Cromwell’s investment, transactions, and merger and acquisition activities. He plays a central role in the development and capital raising of new products for both Cromwell’s ASX listed business, as well as its Australian funds management operations. Rob is also integral in the operations of Cromwell’s associated entities, Phoenix Portfolios and Oyster Property Group; is a Director on both Boards; and Chairs the Oyster Investment Committee.

Prior to joining Cromwell in 2012, Rob worked for some of the world’s leading financial services firms, including NM Rothschild & Sons, PricewaterhouseCoopers, and Investec Bank.

Deputy Chief Financial Officer

Skills and Experience

Andrew joined Cromwell Property Group in April 2022 and was appointed Deputy Chief Financial Officer in January 2024.

Andrew is a senior finance executive with more than 20 years’ experience in finance roles in the real estate and hospitality sectors, and nine years as a Chartered Accountant at PricewaterhouseCoopers. Andrew brings deep expertise in financial reporting, management reporting and analysis, and compliance for ASX-listed entities, having led reporting for companies within the ASX 200. His background also includes auditing and transaction advisory for real estate businesses listed on the ASX, giving him a strong understanding of the sector’s regulatory and commercial landscape.

Andrew holds a Bachelor of Business from the University of Technology, Sydney and is a Member of Chartered Accountants (Australia and New Zealand).