Cromwell Direct Property fund Archives - Cromwell Funds Management
Cromwell Funds Management 420 Flinders Street building
Cromwell Funds Management 420 Flinders Street building
420 Flinders Street, Townsville

Property details

The Head Office of Energy Queensland, located at 420 Flinders Street, Townsville, was added to Cromwell Direct Property Fund (Fund) in December 2018.

The eight-storey, A-grade asset is predominantly leased to Energy Queensland, the Queensland Government-owned corporation which manages the state’s electricity services, and National Australia Bank (NAB).

The Energy Queensland building houses approximately 500 employees, has a 5.5-Star Green Star Office Design and As-Built Rating, a 5.5-Star NABERS Energy and 5.0-Star NABERS Water rating1.

Prominently positioned on the main street of the Townsville CBD, 420 Flinders Street offers the ability to capitalise on an economy that is geared for growth over the next decade.

420 Flinders Street is held in Cromwell Direct Property Fund. To gain exposure to 420 Flinders Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 420 Flinders Street, Townsville, QLD
Occupancy 99.3%2
Sector Office
Energy Label 5.5-Star NABERS Energy1
Water Label 5.0-Star NABERS Water1
  1. Rating expiry 27 April 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management Altitude Corporate Centre building
Cromwell Funds Management Altitude Corporate Centre building
Cromwell Funds Management Altitude Corporate Centre building
Cromwell Funds Management Altitude Corporate Centre building
Cromwell Funds Management Altitude Corporate Centre building
Altitude Corporate Centre, Mascot

Property details

The June 2019 acquisition of Altitude Corporate Centre in Mascot provided unitholders in Cromwell Direct Property Fund (Fund) with exposure to one of Australia’s top performing commercial property markets.

Located at 163-175 O’Riordan Street, Mascot, Altitude Corporate Centre is an 11-storey, A-grade commercial office building comprising 1,345 sqm of net lettable area. Situated in one of Metropolitan Sydney’s strongest growth markets, the building offers views over Mascot and convenient access to transportation.

Refurbished shortly prior to acquisition, the building has a range of amenities, including end-of-trip facilities, an onsite cafe, and parking for up to 355 cars, as well as a 5.5-Star NABERS Energy rating1.

The building is leased to blue-chip and listed tenants, with Winc Australia (formerly Staples) and Electrolux both signed to long-term leases.

Altitude Corporate Centre is held in Cromwell Direct Property Fund. To gain exposure to Altitude Corporate Centre or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 163-175 O’Riordan Street, Mascot, NSW
Occupancy 100%2
Sector Office
Net Lettable Area 13,459 sqm
Energy Label 5.5-Star NABERS Energy rating1
Water Label 4.5-Star NABERS Water rating1
  1. Rating expiry 6 March 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management Chesser House building
Cromwell Funds Management Chesser House building
Chesser House, Adelaide

Property details

Located at 95 Grenfell Street in Adelaide’s CBD, the A-grade, 11-storey Chesser House was added to Cromwell Direct Property Fund (Fund) in April 2022.

The building has a total net lettable area of 11,155 sqm  with rental income underpinned by government and blue-chip tenants.

Chesser House has been the beneficiary of significant works which includes the implementation of new end-of-trip facilities, a ground floor lobby upgrade, refurbished lift lobbies and modernised lift cars. A new 93KW solar panel system has also been installed, which generates 17% of the total base building power. This is reflected in the building’s 4.5-Star NABERS Energy rating1.

Chesser House provides direct linkages to major transport routes and connectivity to Adelaide’s premier retail precinct, Rundle Mall. Pirie Street, which runs parallel to Grenfell Street, has also emerged as an activated food and beverage destination.

Chesser House is held in Cromwell Direct Property Fund. To gain exposure to Chesser House or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 95 Grenfell Street, Adelaide SA
Occupancy 91.5%2
Sector Office
Net Lettable Area 11,155 sqm
Energy Label 4.5-Star NABERS Energy rating1
Water Label 4.5-Star NABERS Water rating1
  1. Rating expiry 13 December 2024.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management 545 Queen Street building
Cromwell Funds Management 545 Queen Street Street building
Cromwell Funds Management 545 Queen Street building
Cromwell Funds Management 545 Queen Street Street building
Cromwell Funds Management 545 Queen Street Street building
545 Queen Street, Brisbane

Property details

Acquired in May 2021 on behalf of unitholders in the Cromwell Direct Property Fund (the Fund), 545 Queen Street is prominently located on an entire block at the entrance to the Brisbane CBD’s ‘Golden Triangle’.

The A-grade office building is located on a 2,735 sqm parcel of land with floor plates between 750 sqm and 2,138 sqm for a total net lettable area of 13,363 sqm. The building is leased to government, listed and blue-chip tenants including Commonwealth of Australia and Sonic Healthcare.

Floor-to-ceiling glass provides excellent views of the Brisbane River and iconic Story Bridge, with an abundance of natural light contributing to a 6.0-Star NABERS Energy rating as at May 2024 and 4.5 Star NABERS rating on water1.

545 Queen Street is held in Cromwell Direct Property Fund. To gain exposure to 545 Queen Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 545 Queen Street, Brisbane, QLD
Occupancy 76.9%2
Sector Office
Net Lettable Area 13,363 sqm
Energy Label 6.0-Star NABERS Energy rating1
Water Label 4.5-Star NABERS Water rating1
  1. Rating expiry 20 April 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management 433 Boundary Street building
Cromwell Funds Management 433 Boundary Street building
Cromwell Funds Management 433 Boundary Street building
Cromwell Funds Management 433 Boundary Street building
Cromwell Funds Management 433 Boundary Street building
Cromwell Funds Management 433 Boundary Street building
433 Boundary Street, Spring Hill

Property details

Added to the Cromwell Direct Property Fund (Fund) in late-2017, 433 Boundary Street is a modern office building located in Spring Hill Queensland, just north of Brisbane’s CBD.

The property is an elevated 3,778 square metre site comprising of a three-level office building with approximately 6,000 square metres of net lettable area.

The major tenant, International Education Services (IES), works in partnership with organisations such as the University of Queensland to offer educational services for international students and educational professionals.

The education sector is a major source of substantial growth in Australia and is the third largest export behind iron ore and coal. IES, as a global leader in education services, is well positioned to benefit from the influx of international students returning to Australia now borders have reopened after a tumultuous two years of COVID-19.

With the Brisbane City Council’s clear agenda to continually attract more students to the city, combined with their vision to rejuvenate the Spring Hill precinct, Boundary Street will provide long-term value to Cromwell and unitholders in the Fund.

433 Boundary Street is held in Cromwell Direct Property Fund. To gain exposure to 433 Boundary Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 433 Boundary Street, Spring Hill QLD
Occupancy 100%1
Sector Office
Net Lettable Area 6,000sqm
  1. Occupancy figures as at 31 May 2024.
Cromwell Funds Management 11 Farrer building
Cromwell Funds Management 11 Farrer building
Cromwell Funds Management 11 Farrer building
11 Farrer Place, Queanbeyan

Property details

11 Farrer Place is a modern, A-grade building located on the western side of Queanbeyan in New South Wales. Queanbeyan is just ten kilometres east of the Canberra CBD, making it closer than some of the ACT’s own suburban centres.

Farrer Place was built in 2008 and is a four-storey concrete and steel office building, which features a rooftop garden and terrace area, basement carpark accommodating up to 109 vehicles, and typical floor plates averaging 1,400 square metres. The building offers a net lettable area of 6,300 sqm, positioned on a 4,052 sqm parcel of land.

It has large, full height entry porticos to the east and west elevations with an internal design consisting of a completely open, flexible floorplate with two cores located at opposing ends. Adjacent to each core are naturally ventilated breakout spaces and meeting rooms.

The building was awarded the John Andrews Award for Commercial Architecture 2009 from the ACT Chapter of the Australian Institute of Architects, and the Best Use of Steel Cladding 2008 from the Master Builders Association.

Farrer Place has a 5.5-Star NABERS Energy and 5.5-Star NABERS Water rating and is 100% leased to the NSW Government1.

11 Farrer Place is held in the Cromwell Direct Property Fund. To gain exposure to 11 Farrer Place or for further information on Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 11 Farrer Place, Queanbeyan NSW
Occupancy 100%2
Sector Office
Net Lettable Area 6,300 sqm
Energy Label NABERS Energy Rating 5.5-Star1
Water Label NABERS Water Rating 5.5-Star1
  1. Rating expiry 29 April 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management Energex House building
Cromwell Funds Management Energex House building
Cromwell Funds Management Energex House building
Cromwell Funds Management Energex House building
Cromwell Funds Management Energex House building
Energex House, Newstead

Property details

Located at 33 Breakfast Creek Road in Newstead, Energex Building is an A-Grade office building, acquired by the Cromwell Riverpark Trust in 2009, and forms part of the $1.1 billion Gasworks urban renewal project.

The asset is one of Queensland’s most energy efficient commercial buildings. It has earned a 6.0-Star Green Star certified rating, representing a world-class standard in energy efficiency and environmental considerations.

The property is located within the Newstead Riverpark precinct, which is approximately three kilometres northeast of the Brisbane CBD on the eastern side of Breakfast Creek Road.

The precinct encompasses 17 hectares of riverfront land. The area is being transformed into Brisbane’s most prestigious urban community, and a residential, dining and retail hub. It is anticipated the precinct will be home to more than 33,000 additional residents by 2026. Energex Building is the largest commercial building in the area.

The six upper levels of Energex Building boast floor plates averaging 4,500 sqm, with excellent natural light due to internal atriums and a well-planned fitout. The asset also includes a gymnasium, outdoor seating areas on ground level and dining options.

The anchor tenant, Energy Queensland Limited, is one of Australia’s largest and fastest growing energy suppliers and occupies 94% of the 30,601 sqm of net lettable area of the building on a long lease.

Energex Building has been designed to be at the cutting edge of energy efficiency with a host of passive energy conservation features. The building is a benchmark in environmentally sustainable development and workplace design, responding to the major tenant’s requirements and delivering a purpose-built, long-term flexible working environment in a landmark location.

In addition to the 6.0-Star Green Star rating, the property’s environmental performance has earned it a prestigious 6.0-Star NABERS Base Building Energy rating, exceeding the 5.0-Star rating targeted by the developer1.

Energex Building is the sole asset in the Cromwell Riverpark Trust, which is presently closed to new investment. The only way to gain exposure to Energex Building is via an investment in the Cromwell Direct Property Fund (Fund), which holds a 22.6% ownership stake in the Cromwell Riverpark Trust. To learn more about Energex Building or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 33 Breakfast Creek Road, Newstead QLD
Occupancy 100%2
Sector Office
Net Lettable Area 30,601 sqm
Energy Label NABERS Energy Rating 6.0-Star1
Water Label NABERS Water Rating 4.5-Star1
  1. Rating expiry 29 April 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management 19 George Street building
Cromwell Funds Management 19 George Street building
Cromwell Funds Management 19 George Street building
Cromwell Funds Management 19 George Street building
19 George Street, Dandenong

Property details

19 George Street is a seven-level, A-grade office building located in the outer Melbourne suburb of Dandenong, which reached practical completion in October 2015. The building is the sole asset in the Cromwell Property Trust 12.

The building offers a net lettable area of 13,803 sqm and is centrally positioned on a 3,145 sqm site. Floor plates range between 2,058 and 2,794 sqm, suitable for a combination of open plan, perimeter office and internal office workspaces.

Office space spans six levels with an additional 1,202 sqm of retail and office space over the ground and lower ground levels. It includes 50 car parks for the key government tenant, in addition to storage space and end-of-trip facilities.

Dandenong was originally a separate city but was absorbed into Melbourne’s metropolitan area during the urban sprawl of the 1960s. Dandenong maintains its own identity and character as a major commercial and industrial area. The new precinct in which the building is located continues to receive recognition, recently winning a national architectural award for reclaiming the town’s traditional high street from traffic, and turning it into a destination for pedestrians, cyclists, and shoppers.

The precinct is part of the Revitalising Central Dandenong Scheme, in which the Victorian State Government has invested $290 million, and the City Council a further $100 million.

Upon completion the building achieved a 6-Star Green Star Office Design & As Built v3 rating. Under the rating tool, 6 Stars signifies ‘World Leadership’ in environmentally sustainable design and construction, responding to the Government tenant’s requirement for a purpose built, long-term flexible working environment. The building also maintains a 5.5-Star NABERS Water and 5.5-Star NABERS Energy rating1.

19 George Street is the sole asset in the Cromwell Property Trust 12, which is presently closed to new investment. The only way to gain exposure to 19 George Street is via an investment in the Cromwell Direct Property Fund (Fund), which holds a 17.3% ownership stake in the Cromwell Property Trust 12. To learn more about 19 George Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 19 George Street, Dandenong VIC
Occupancy 99.3%2
Sector Office
Net Lettable Area 13,803 sqm
Energy Label NABERS Energy rating 5.5-Star1
Water Label NABERS Water rating 5.5-Star1
  1. Rating expiry 29 April 2025.
  2. Occupancy figures as at 31 May 2024.
Cromwell Funds Management 100 Creek Street building
Cromwell Funds Management 100 Creek Street building
Cromwell Funds Management 100 Creek Street building
100 Creek Street, Brisbane

Property details

Acquired in December 2021 on behalf of unitholders in Cromwell Direct Property Fund (Fund), 100 Creek Street is a 24-storey office tower located in the heart of Brisbane’s CBD.

100 Creek Street features floor-to-ceiling glass, providing excellent natural light and protected view corridors towards Queen Street and the Brisbane River. The building sits on a 1,722 sqm parcel of land and has a total net lettable area of 20,223 sqm with rental income underpinned by a diverse mix of tenants.

Having recently undergone approximately $15 million of works, the ground floor lobby, lift lobbies and additional existing amenities have been refurbished, and end-of-trip facilities have been added to the site. As a result, 100 Creek Street currently holds a 5.0-Star NABERS Energy rating1.

100 Creek Street is held in the Cromwell Direct Property Fund. To gain exposure to 100 Creek Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.

Address 100 Creek Street, Brisbane QLD
Occupancy 93.4%2
Sector Office
Net Lettable Area 20,223 sqm
Energy Label 5.0-Star NABERS Energy rating1
Water Label 4.5-Star NABERS Water rating1
  1. Rating expiry 4 October 2024.
  2. Occupancy figures as at 31 May 2024.