ASX Announcements
Market Sensitive
Dividend Record Date, Dividend Pay Date, Dividend Rate
- Dec 20, 2024
- 5 pages
Change of Director's Interest Notice - JP Callaghan
Change of Director’s Interest Notice
- Dec 18, 2024
- 3 pages
Notification regarding unquoted securities - CMW
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Dec 18, 2024
- 6 pages
May
Property fund manager’s stock pops as it says goodbye to Europe
In a transformational deal, long struggling Cromwell has sold out of its European exposures, sending its stock surging as investors welcomed the move.
- Nick Lenaghan
Cromwell sells European platform for $457m; eyes on ESR
In particular, banks would be gauging industrial property player ESR’s interest in chipping away at its 30 per cent stake in Cromwell Property Group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
- Exclusive
- Credit crunch
This Australian executive is taking on a US private investment giant
As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now the Corinthia Global Management founder is staring down Barings.
- Primrose Riordan
February
Cromwell pins hopes on $500m Polish malls sale to curb debt worries
The Brisbane property fund manager’s gearing level is close to 45 per cent, well past its target range, as devaluations hit its balance sheet.
- Nick Lenaghan
October 2023
Cromwell, Australian Unity plan for $1b property fund falls apart
Weakening conditions – along with a squeeze on redemptions – have combined to blow up an ambitious plan to combine two unlisted funds.
- Nick Lenaghan
September 2023
It’s now the tenants’ time, landlord Cbus Property says
The shift to working from home is hitting landlords of bigger tenants harder than smaller ones.
- Michael Bleby
August 2023
Cromwell’s Polish problem drives 19pc portfolio write-down
Cromwell is in due diligence talks to sell most of its Polish retail fund, which would lower its gearing from 42.6 per cent to “somewhere in the low 30s”.
- Campbell Kwan
July 2023
Cromwell, Australian Unity in $1.1b unlisted REIT merger
Street Talk can reveal Cromwell’s Direct Property Fund and Australian Unity’s Diversified Property Fund would merger, in a deal expected to be announced Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cromwell offloads half of its Italian logistics to reduce debt
Cromwell has struck a deal to create a joint venture with Hong Kong-based asset manager Value Partners Group, exchanging on the sale of a 50 per cent stake in its Italy logistics fund assets.
- Campbell Kwan
May 2022
Cromwell offloads $108m Brisbane tower on path to ‘capital-light’
Cromwell has signalled its plan to sell non-core assets as it looks to transition into a capital-light funds management business.
- Nick Lenaghan
April 2022
Cromwell taps into Adelaide’s growth in $81m deal
Cromwell’s Adelaide acquisition comes amid an upswell in investment in the CBD office market, as the state prepares for the benefits of significant government spending.
- Nick Lenaghan
February 2022
Cromwell flags $3b office float as it goes capital light
Cromwell’s move to demerge and float its Australian office assets – into a listed trust could hit a market capitalisation of close to $2 billion – comes as the Brisbane-based player accelerates plans to shift its efforts into funds management.
- Nick Lenaghan
Senior executive fights for payout following Cromwell purge
Crowell’s former chief sustainability officer is suing the property group and its new CEO, claiming they unlawfully deprived him of generous retention benefits.
- David Marin-Guzman
October 2021
ISPT sells Brisbane office tower to Cromwell for $185m
In another big office transaction in Brisbane, Cromwell Property Group has bought a tower with rental upside.
- Martin Kelly
August 2021
Cromwell pursues strategic review as ructions ease
Gary Weiss, who took over as chairman in March this year, concedes that the past 12 months have been ‘reasonably tumultuous’.
- Nick Lenaghan
Big profit on Cromwell’s Bunnings sale to Charter Hall fund
In a deal that shows just how sharply prices for essential retail assets have risen, Cromwell has sold a Bunnings for 77 per cent more than it paid in 2015.
- Martin Kelly
- Exclusive
- Commercial real estate
Canberra office market runs hot with another big sale
Buyers have gone all-in on the Canberra office market with more than $860 million in sales so far this year.
- Martin Kelly
July 2021
Former Investa boss Jonathan Callaghan takes charge at Cromwell
Mr Callaghan stepped down from the top post at Investa only last month after 14 years at the firm, including as chief executive since 2016.
- Nick Lenaghan
May 2021
- Exclusive
- Office
Cromwell buys in Brisbane and on the hunt for more properties
Brisbane’s CBD office market has recorded another big sale, with Cromwell Property Group paying almost $120 million for 545 Queen Street.
- Martin Kelly
April 2021
- Opinion
- Chanticleer
AGL latest in curious boom in CEOs leaving after pay strikes
Brett Redman is part of a growing trend of CEOs announcing their departures in the year after their firm cops a pay ‘strike’. This year’s toll sits at eight.
- Updated
- James Thomson