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Cromwell took home the 2015 Commonwealth Bank of Australia Funds Management Award at the Australian Property Institute’s awards night hosted in Sydney on Thursday 29 October 2015.
Contenders for the award were required to illustrate performance through such attributes as innovation, financial performance and public accountability.
The judges commented that Cromwell Property Group has defined itself in the past 12 months, with a significant evolution of its funds management business. It acquired Valad Europe, a pan European funds management platform earlier this year, contributing to an increase in total assets under management from $3.1 billion to $10.1 billion in FY15, and giving it an international flavour at a time when many REITs were reluctant to reconsider offshore investments. Cromwell Property Group has positioned itself well with strong performance and a diverse product suite.
The Australian Property Institute is the leading association for practitioners engaged in all facets of the property industry, including valuation, funds management, asset management, development, finance, investment, law and consultancy.
(Image: Left to Right: Graeme Ross, Global Head of Institutional Real Estate at the Commonwealth Bank of Australia (the sponsor of the award). Damian Horton, Cromwell’s Head of Property. Michael Blake, Director Cromwell Funds Management. George Vallas, Australian Property Institute’s NSW President.)