The nation’s souring commercial property market has blown up an ambitious plan by ASX-listed Cromwell to create a $1.1 billion unlisted trust by yoking one of its real estate funds to another run by Australian Unity.
The two investment platforms issued statements on Friday calling off the deal, citing the deterioration in the commercial property market.
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
