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Cromwell pursues strategic review as ructions ease

Nick Lenaghan
Nick LenaghanProperty editor

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Key Points

  • Revenue ($m): 595, up 20.3 on year-earlier 494.7
  • Op profit ($m): 192.2 v year-earlier 221.2
  • Net profit ($m): 308.2 v year-earlier 177.6
  • Quarterly distribution: 1.625¢

Brisbane-based Cromwell Property Group, whose portfolio of commercial real estate spans Australia, New Zealand and Europe, is undertaking a strategic review of its business, after putting to bed months of corporate ructions that had culminated in the exit of its chief executive.

ARA ran a lengthy campaign to get Gary Weiss onto the Cromwell board.  Sam Mooy

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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

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    Original URL: https://www.afr.com/property/commercial/cromwell-pursues-strategic-review-as-ructions-ease-20210826-p58m2r