Tension between Cromwell Property Group and its largest shareholder ARA Asset Management has racheted up a notch after the Singaporean investor withdrew its representative from the fund manager's board.
As foreshadowed in Street Talk, ARA Australia boss David Blight has tendered his resignation, ending his year-long stint in Cromwell's boardroom.
Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
