29238
Select your country Global Cromwell Property Group Asia Pacific Australia Cromwell European REIT New Zealand Europe Cromwell Property Group Europe Germany Denmark France Benelux Sweden Czech Republic Finland Italy Poland UK

Find out the latest updates and insights

With the latest news and research, you'll be able to find out what's happening in Insight.

Home Insight Magazine

Find out the latest updates and insights

With the latest news and research, you'll be able to find out what's happening in Insight.

Insight magazine

Welcome to this Insight magazine edition #51.

In this edition, we reveal the strategic asset enhancements underway at 400 George Street in collaboration with architect firm, Woods Bagot. We hear from Phoenix Portfolios’ Stuart Cartledge with our Stock in Focus – BWP Trust. Additionally, Jordan Lipson from Phoenix Portfolios examines our second Stock in Focus – Hammond Manufacturing. Looking forward, we also unveil a major milestone in our strategic phase with the entering into an agreement for lease with a Commonwealth Government entity.

You can stay up to date with the latest Cromwell and market updates by signing up to receive Insight via email each month.

Happy reading!

Feature articles Latest news Market updates Quarterly reports

Feature article

Strategic Asset Enhancement: Unlocking Long-Term Value at 400 George Street

With a lobby transformation underway, 400 George Street is entering a new phase of strategic enhancement—one designed to elevate its market positioning, continue to attract premium tenants, and unlock long-term value.

Read more

Feature articles

Stock in Focus – BWP Trust
In June, BWP Trust (BWP) announced a major transaction, comprising the internalisation of management, along with a lease reset for many of the Bunning…
Discover More
Stock in Focus – Hammond Manufacturing
Hammond and Son began producing radio sets, battery chargers and related devices. In the 1930s, Hammond created its first electrical racks and cabinet…
Discover More
Cromwell Unveils Landmark Project and Debt Refinance
Cromwell Property Group (ASX:CMW) (Cromwell or The Group), today announces it has entered into an agreement for lease with a Commonwealth Government e…
Discover More

Latest news

Each month, Cromwell consistently makes progress towards our business goals, which means new and exciting announcements for investors. Insight magazine’s latest news section has the most recent Cromwell developments, and more.

Previous news available here.

Select an option
  • 700 Collins Street secures continued Bureau of Meteorology for 10 years
  • Cromwell Debt Refinance
  • Cromwell sells interest in Chatswood joint venture
  • Cromwell Property Group FY25 results briefing
  • Cromwell portfolio achieves 4 Star Green Star performance rating

700 Collins Street secures continued Bureau of Meteorology for 10 years

Cromwell has successfully renewed a long-term lease with a key government tenant at our flagship Melbourne asset, 700 Collins Street.

The Bureau of Meteorology, a valued Commonwealth Government partner, has committed to a further 10-years, continuing its occupancy across approximately 10,000 sqm of office space in our A-grade tower.

Located adjacent to Southern Cross Station in the vibrant Docklands precinct, 700 Collins Street offers exceptional connectivity, amenity access, and a high standard of service delivery—making it a sought-after workplace destination.

Tessa Morrison, Cromwell’s Head of Property Operations, shared:

“This renewal reflects the strength of our relationship with the Bureau and the enduring appeal of 700 Collins Street. It’s a testament to the quality of the asset and our commitment to tenant engagement.”

We’re actively managing this asset with a focus on long-term performance and sustainability, aligned with our net zero by 2035 target. Through ongoing upgrades and operational improvements, we’re future-proofing 700 Collins Street to meet the evolving needs of our tenants.

Cromwell Debt Refinance

 

Following the successful sale of our European platform, Cromwell has taken further positive steps to strengthen its financial position. We have successfully renegotiated our bilateral debt facilities, resulting in more favourable terms plus flexible covenants and longer duration. The renegotiation has resulted in a decrease in Cromwell’s weighted average drawn credit margin from 1.77% to 1.31%. Negotiation of this improvement in Cromwell’s debt terms was supported by the significantly reduced net debt and gearing position of the Group.

Cromwell sells interest in Chatswood joint venture

Cromwell has signed a conditional sale contract1 to exit its 50% stake in 475 Victoria Avenue, Chatswood, NSW. We will sell our 50% share for approximately $87 million2, with a positive impact on FY26 earnings and a reduction in the Group’s gearing of approximately 3%.

The sale reflects a 9% discount to the most recent valuation3. Since purchasing the asset in 2006 for $110 million and selling 50% to joint venture partner in 2020 for $120 million, the Group will realise a property IRR of over 8.5% over the investment period. The transaction is anticipated to complete in 1Q FY26.

 

 

Cromwell Property Group FY25 results briefing

Cromwell will release its full year results for the period ending 30 June 2025 on Thursday 28 August 2025. We invite investors to attend an online briefing which will cover FY25 financial results, hosted by Chief Executive Officer Jonathan Callaghan and other members of the Cromwell team.

The briefing will commence at 10.00am AEST (8.00am SGT/1.00am BST/8.00pm 27 August 2025 EDT).  Pre-register via the Cromwell website: https://www.cromwellpropertygroup.com/fy25-results/

Cromwell portfolio achieves 4 Star Green Star performance rating

Building on our commitment to achieve net zero emissions across scopes 1, 2, and 3 by 2045, Cromwell has achieved a 4 Star Green Star Performance Rating certification (v1.2) for building operations, representing best practice in better, healthier and more responsible buildings.

Green Star Rating System is a nationally recognised certification from the Green Building Council of Australia that independently assesses the operational sustainability of existing buildings across categories such as energy, water, waste, indoor environment quality, and management.

This result reflects the tangible progress we’ve made across our portfolio and reinforces our dedication to continuous improvement in energy efficiency, emissions reduction, and environmental outcomes.

Download the latest edition

All the latest articles and news in one handy download.

LATEST EDITION View previous editions

Market updates

June 2025 direct property market update

The June quarter was notable for its geopolitical instability, headlined by Israel’s strikes on Iran and the subsequent…
Read more
June 2025 quarter ASX A-REIT market update

The S&P/ASX 300 A-REIT Accumulation Index rose 13.4% over the June quarter outperforming the broader equity market, despite…
Read more

Update your preferences

Sign up or update your preferences to receive your copy of Insight Magazine direct to your inbox or by mail. 

Sign up here

Quarterly Fund Reports

As at 30 June 2025

Cromwell Direct Property Fund
Cromwell Phoenix Property Securities Fund
Cromwell Phoenix Global Opportunities Fund
Cromwell Phoenix Opportunities Fund
Cromwell Property Trust 12
Cromwell Riverpark Trust

The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.

By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.

Accept Decline

View Cromwell’s upcoming events and latest ASX announcements.

Key events calendar ASX announcements update

Footnotes

  1. Standard conditions including FIRB and finance.
  2. Subject to standard settlement adjustments.
  3. 30 June 2025 independent valuation currently in draft form. Valuation as at 31 December 2024 of $101.5m for 50%