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Heidelberg Graphics
Owner prior to sale:
Cromwell Group
Sector:
Commercial
Location:
Unit 1, 36 Edmondstone Rd, Bowen Hills, QLD
Acquisition Date:
23/06/04
Sale Date:
23/11/07
Tenant/s at sale:
-
Details of sale:
Settlement was effected today, 23 November 2007 for the sale of BOW to Flaskas Bickle for $3,600,000. Cromwell purchased BOW in 23 June 2004 for $2,300,000.
Bundall Corporate Centre
Owner prior to sale:
Cromwell Group
Sector:
Commercial
Location:
2 Corporate Crt, Bundall, QLD
Acquisition Date:
01/12/05
Sale Date:
01/10/07
Tenant at sale:
Professional Investment Services
Details of sale:
The asset was purchased in December 2005 for $44 million and sold for $67 million.
8 St Georges Terrace
Owner prior to sale:
Cromwell Group
Sector:
Commercial
Location:
8 St Georges Tce, Perth, WA
Acquisition Date:
23/06/04
Sale Date:
23/08/07
Tenant at sale:
RSM Bird Cameron
Details of sale:
The asset was purchased in June 2004 for $11.1 million; booking a gain on the sale of approximately $5 million after selling costs.
Sydney Plaza
Owner prior to sale:
Cromwell Group
Sector:
Commercial
Location:
59 Goulburn St, Sydney, NSW
Acquisition Date:
28/05/02
Sale Date:
23/07/07
Tenant at sale:
Envronmental Protection Agency
Details of sale:
The asset was purchased in May 2002 for $63.8 million; sale price was $92.5 million.
Village City Centre
Owner prior to sale:
Cromwell Group
Sector:
Commercial
Location:
206 Bourke St, Melbourne, VIC
Acquisition Date:
23/06/04
Sale Date:
25/06/07
Tenant at sale:
Village Roadshow
Details of sale:
The asset was purchased in June 2004 for $31.9 million; Sold for $32.75 million, $5.5 million above book value of $27.3 million.
Development Land
Owner prior to sale:
Cromwell Group
Sector:
Industrial
Location:
200 Holt St, Meeandah, QLD
Acquisition Date:
02/08/06
Sale Date:
12/02/07
Tenant/s at sale:
-
Details of sale:
Acquired for $4.72 million and sold for $10.5 million.
Telstra House
Owner prior to sale:
Cromwell Planned Investment No. 4
Sector:
Commercial
Location:
490 Northbourne Ave, Dickson, ACT
Acquisition Date:
29/11/00
Sale Date:
30/06/05
Tenant at sale:
Tenants
Details of sale:
Telstra House was acquired in November 2000 for $16.1 million and sold in July 2005 for $22.2 million. Cromwell recommended the sale of this property in early 2005, following a successful expression of interest campaign in late 2004. The sale of the property realised a 36% capital gain for investors in Cromwell Planned Investment No. 4 in addition to average annual returns over the life of the Planned Investment of over 11% pa.
Riverfront
Owner prior to sale:
Riverfront Planned Investment
Sector:
Commercial
Location:
301 Coronation Dr, Milton, QLD
Acquisition Date:
03/12/99
Sale Date:
30/06/05
Tenant/s at sale:
Clough Engineering, Monadelphous Minerals and Technology
Details of sale:
301 Coronation Drive was acquired in November 1999 for $17.5 million, and sold for $23.0 million in June 2005. Cromwell recommended the sale of this property in early 2005, following an off-market campaign. The sale was settled in June 2005 with investors in the Planned Investment achieving average annual returns in excess of 11% pa.
Meadowbrook Shopping Village
Owner prior to sale:
Meadowbrook Shopping Village Syndicate
Sector:
Retail
Location:
Meadowbrook, QLD
Acquisition Date:
17/05/99
Sale Date:
18/04/05
Tenant/s at sale:
IGA, Mayne Health
Details of sale:
-