Cromwell Property Group

Company Profile

• Business description

  Cromwell Property Group is an internally managed Australian real estate investment trust. It owns a property portfolio of mostly Australian offices, and also develops and manages properties on behalf of third-party investors in Australia and New Zealand. The group has sold or is in the process of selling its European business in 2024, and once complete, Cromwell's gearing should reduce substantially. This additional financial strength means the business could shift in a variety of directions. Management intends to provide more information on possible capital management initiatives in its August 2024 results. It previously contemplated spinning its office assets into a separate REIT. This remains a possibility, but might require an improvement in office market conditions first.

• Contact

  100 Creek Street
  Level 10
  BrisbaneQLD4000
  AUS

  T: +61 732257777

  E: [email protected].

  https://www.cromwellpropertygroup.com

• Sector

  Real Estate

  Stock type

  Cyclical

• Industry

  REIT - Office

  Fiscal Year End

  30 June 2026

  Employees

  16