Cromwell Property Group
Cromwell and Australian Unity ink $1.1b merger
The Gary Weiss-led Cromwell Property Group has boosted its suite of funds under management in a deal with Australian Unity that will add another 15 new properties to the portfolio.
- Carolyn Cummins
Latest
COVID-19 and rising yields create headwinds for listed property vehicles
Listed property trusts in the challenged office and discretionary retail sectors are trading at discounts not seen since the global financial crisis.
- tim boreham
Office landlords confident of market turnaround
Office and industrial landlords have survived the impact of the pandemic and are looking to thrive as people return to the office, albeit in a more flexible split between working from home and office.
- Carolyn Cummins
'A dangerous precedent': City planners reject 'snorkel' bedrooms
Plans for apartments in a Melbourne 4-storey skyscraper that rely on bed rooms with no windows to the outside have run afoul with city officials.
- Simon Johanson
Senator calls for FIRB review of 'opportunistic' offer for Cromwell
Cromwell faces D-Day on Friday when its agitator shareholder and unwanted suitor ARA makes its third play for board positions.
- Sarah Danckert
Cromwell revises Chatswood development vision
Cromwell Property Group and partner Blackrock have lodged new plans including a third office tower as part of its $123 million project in Chatswood.
- Carolyn Cummins
ARA blasts 'erratic' Cromwell board in bidder's statement
ARA Asset Management is accusing Cromwell Property Group’s board of “erratic and undisciplined” behaviour in the latest salvo in its bitter battle to take over the property fund.
- Simon Johanson
'No choice': ARA launches unsolicited $520m takeover bid for Cromwell
ARA Asset Management steps up its bitter battle with Cromwell, seeking to clear out the property landlord's board with an unsolicited $520m takeover bid.
- Simon Johanson and Sarah Danckert
- Investigation
- Foreign investment
The Chinese property billionaire eyeing Cromwell, the owner of sensitive Canberra assets
Cromwell was until recently a boring property trust that owned rather unglamorous properties in Canberra with government tenants. But it's now growing very suspicious about its Chinese-backed Singapore investors.
- Sarah Danckert
Cromwell raises $120m in Chatswood deal
Cromwell Property has sold a 50 per cent stake in the office block at 475 Victoria Avenue, Chatswood, for $120 million
- Carolyn Cummins
Original URL: https://www.theage.com.au/topic/cmw-fy