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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 #50.

In this edition, we explore the resilience and potential of neighbourhood shopping centres in the Neighbourhood Retail property investment category. We also hear from Cromwell’s Projects and Leasing teams and the architects from Gray Puksand about transforming office workplaces. Additionally, our Stock in Focus from Phoenix Portfolios examines Nam Cheong Limited, and we review three Cromwell properties that have achieved the prestigious 6-star NABERS energy rating.

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 article

Convenience is king: The strengths of neighbourhood retail

In this article by Colin Mackay, Cromwell’s Research Manager and Investment Strategy Manager, explores  the retail property type – Neighbourhoods – and how these convenience-oriented centres offer a compelling investment proposition underpinned by several advantageous characteristics.

Read 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.

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  • National Reconciliation Week 2025
  • Cromwell secures lease renewal for key tenant at 700 Collins Street
  • Cromwell achieves top rankings in NABERS Sustainable Portfolios Index 2025
  • 545 Queen Street maintains 6 Star NABERS energy rating

National Reconciliation Week 2025 at Cromwell

 

From Tuesday, 27 May, Cromwell recognised National Reconciliation Week 2025, guided by the theme ‘Bridging Now to Next’. This theme serves as a powerful reminder that reconciliation is not a single moment in time, but an ongoing journey—one that calls on all Australians to walk together in mutual respect, understanding, and shared purpose.

National Reconciliation Week provides a meaningful opportunity to engage with the histories, cultures, and enduring contributions of Aboriginal and Torres Strait Islander peoples. It is a time to reflect on our collective past, acknowledge the truths of our shared history, and consider the role each of us can play in building a more inclusive and reconciled future for all.

Last week, we recognised these important themes through events across our sites—partnering with A.G. Coombs, TechnologyOne, and AECOM at HQ North, and with Department of Social Services (DSS), Aboriginal Cultural Immersions, and Department of Industry, Science and Resources at 100 Creek Street.

These gatherings brought together our tenant communities to pause, reflect, and engage meaningfully with the spirit of National Reconciliation Week.

 

Cromwell secures lease renewal for key tenant at 700 Collins Street

 

We are pleased to announce the successful lease renewal with the Bureau of Meteorology at 700 Collins Street, Melbourne, a key government tenant. the Bureau has committed to a further 10-year term, continuing its occupancy across approximately 10,000 square metres.

This outcome reflects the strength of our ongoing relationship and the collaborative approach taken by Cromwell’s leasing and property management teams. The Bureau has expressed strong satisfaction with both the building and the high standard of service provided—fostering a positive and productive partnership.

With its prime location, 700 Collins Street continues to attract and retain tenants, ensuring sustainable commercial growth.

Cromwell achieves top rankings in NABERS Sustainable Portfolios Index 2025

 

We’re excited to share that our Cromwell Diversified Property Trust (DPT) portfolio has been ranked joint 3rd in the NABERS Sustainable Portfolios Index (SPI) 2025, moving up from 4th place last year. With a NABERS office energy rating of 5.5, this achievement underscores our dedication to sustainability and effective property management.

Additionally, Cromwell Direct Property Fund (DPF), managed by Cromwell Property Group, has achieved an excellent ranking coming in at joint 4th place, moving up from 5th place last year. Boasting a NABERS office energy rating of 5.4 and a Renewable Energy Indicator (REI) of 36.65% across eight assets, this achievement highlights our continued commitment to embedding sustainability across our operations and enhancing our environmental performance.

The SPI provides a comprehensive view of actual performance across energy efficiency, water efficiency, waste management, indoor environment quality, and carbon neutrality. We are proud to be recognised among the top leaders in the industry.

Thank you to everyone who has supported us on this journey. Together, we are making a positive impact on the environment and setting new standards for the future.

545 Queen Street maintains 6.0-star NABERS energy rating

 

Cromwell Property Group is thrilled to announce that, in partnership with Conservia, 545 Queen Street in Brisbane has maintained its 6.0-star NABERS energy rating. As a key asset in the Cromwell Direct Property Fund, we have collaborated with Australian energy solutions provider Conservia to achieve this outstanding result through dedicated and long-term efforts.

Through our partnership with Conservia, we continuously enhance the energy performance of 545 Queen Street, ensuring tenant comfort and leveraging NABERS insights for informed decision-making. This accomplishment underscores our commitment to optimising energy efficiencies and future-proofing our assets to meet the highest sustainability standards.

Additionally, three assets across our portfolios have also recently achieved a 6.0-star NABERS Energy rating. Read more here: Cromwell’s green trifecta for 6-star NABERS Energy ratings – Cromwell Funds Management

 

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As at 31 March 2025

Cromwell Direct Property Fund
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Cromwell Phoenix Opportunities Fund
Cromwell Property Trust 12
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