Continuous Disclosure & Updates

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04 May 2021

545 Queen Street acquisition

The Cromwell Direct Property Fund (Fund) has added to its direct property portfolio with the acquisition of 545 Queen Street, Brisbane (the Property) at a purchase price of $117.5 million, reflecting a passing yield of 5.9%, with the transaction settling on 5 May 2021.

The Property is a 2,735-square metre (sqm) site at the entrance to the Brisbane CBD’s ‘Golden Triangle’, comprising an A-Grade 9-storey commercial office building with approximately... More >

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06 April 2021

Cromwell Funds Management Limited (CFM) has diversified the debt exposure of the Cromwell Direct Property Fund with the introduction of a new lender and debt facility for $75 million (“the Facility”). The new Facility has a term of three years, expiring in April 2024.

If you have any questions or would like to know more about the Cromwell Direct Property Fund, please visit www.cromwell.com.au/DPF or contact Cromwell’s Investor Services Team on 1300 268 078 or... More >

01 April 2021

Cromwell Funds Management Limited (CFM) has finalised an extension of the Cromwell Direct Property Fund’s (Fund) existing $146.5 million debt facility (Facility) with an Australian bank. The extension amends the Facility’s expiry date from June 2022 to a new expiry date of 28 February 2024, with no change to the facility limit. The Fund’s overall debt maturity profile has improved with the Facility’s expiry date now extended to 2024.

If you have any questions or would... More >

01 April 2021

An external valuation of the 64 Allara Street, Canberra asset as at 31 March 2021 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 5.7% increase in the value of the asset to $18.5 million up from the valuation of $17.5 million as at 30 June 2020.

The increase in valuation is underpinned by a reduction in the capitalisation rate and returns the asset back to its pre-COVID valuation.

The increase in value of... More >

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04 January 2021

External valuations for assets as at 31 December 2020 held within the Cromwell Direct Property Fund (Fund) have provided good news for unitholders:

433 Boundary Street, Spring Hill increased by 1.6% to $39 million, up from $38.4 million as at 30 June 2020; and11 Farrer Place, Queanbeyan, increased by 4.2% to $37 million, up from the valuation of $35.5 million as at 30 June 2020.

The increase in value of the assets are expected to... More >

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18 November 2020

Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Direct Property Fund (Fund).

Units in the Fund were available for subscription under a product disclosure statement dated 29 September 2017 and under a supplementary product disclosure statement dated 6 April 2020 (together, the Disclosure Documents).

Units are now available for subscription under a new product disclosure statement dated 17 November 2020 (2020 PDS), and the Disclosure Documents are no longer applicable.

... More >

02 November 2020

Cromwell Funds Management Limited (“CFM”) confirms settlement of the sale of the Parafield Retail Complex, located in Main North Road, Parafield, South Australia for $27.25 million on 29 October 2020.

The sale improves the Fund’s portfolio metrics by reducing the exposure to large format retail north of Adelaide.

CFM will use the sale proceeds to reduce Fund debt.

As at 30 September 2020, the Fund had a 7.1-year weighted average lease expiry across 11 assets, reducing to ten... More >

01 October 2020

An external valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, Munno Para, South Australia) as at 30 September 2020 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 5.1% increase in the value of the asset to $36.5 million, up from the valuation of $34.7 million as at 30 June 2020. The increase was underpinned by a reduction in the capitalisation rate.

The valuation... More >

24 September 2020

Cromwell Funds Management Limited (CFM) is the Responsible Entity of the Cromwell Direct Property Fund (the Fund).

Annual Fees and Costs

In section 5.2 of the Fund’s product disclosure statement dated 29 September 2017 (PDS), CFM provides an example of the annual fees and costs associated with an investment in the Fund and a breakdown of management costs.

CFM wishes to update this disclosure based on amounts for the financial year ended 30 June 2020:

5.2 Example of Annual... More >

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20 August 2020

Following on from the sale campaign for the Rand Distribution Centre, located in Direk, South Australia, Cromwell Funds Management Limited (CFM) has signed a contract for the sale of the property, for a sum of $63,050,000. The price achieved is an exceptional result given the property was last independently valued at $53,000,000 in September 2019. The asset was acquired in 2013 with an ‘as if complete’ value of $32,750,000.

The property is expected to settle on... More >

03 August 2020

Cromwell Funds Management (CFM) is pleased to announce the extension of the Cromwell Direct Property Fund (Fund) into a second Term. The Fund’s first full withdrawal opportunity closed on 31 July 2020, with withdrawal requests totalling 9.9% of issued capital.

The Fund expects to distribute withdrawal request proceeds received throughout the withdrawal opportunity in full on or around 17 August 2020. The withdrawals will be funded by a combination of existing cash reserves and undrawn debt.

Any... More >

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01 July 2020

The first full liquidity event for the Cromwell Direct Property Fund (the Fund) commenced on 1 July 2020.

The Product Disclosure Statement (PDS) for the Fund explained (in section 7.4) that after expiry of the Initial Term in July 2020, Cromwell Funds Management Limited (CFM) would give all investors an opportunity to withdraw from the Fund (the “Liquidity Event”). The purpose of this update is to notify investors of the Liquidity Event and the... More >

01 July 2020

Cromwell Funds Management (CFM) continues to measure and respond to the impact of COVID-19 on the valuations of directly held property within the Cromwell Direct Property Fund (Fund). Following on from internal valuations of all assets as at 07 April 2020, the assets have now undergone external valuations as at 30 June 2020.

The overall impact of the revaluation has been positive, due to the advancement in COVID-19 rental relief negotiations providing some recovery from the... More >

23 June 2020

Cromwell Funds Management Limited (“CFM”) has entered into an unconditional contract to sell the Parafield Retail Complex, located in Main North Road, Parafield, South Australia for $27.25 million.

The timing of the sale is advantageous to the Fund by providing liquidity in advance of the Fund’s upcoming first full Liquidity Event. The sale also improves the Fund’s portfolio metrics by reducing the exposure to large format retail north of Adelaide.

Settlement is expected to take place prior... More >

08 May 2020

Cromwell Direct Property Fund - Update

The COVID-19 crisis has impacted almost all asset classes negatively, and unlisted commercial property has not been immune to the fall-out, particularly in our capacity as landlords. In response to the crisis, on 7 April 2020, the National Cabinet issued a Mandatory Commercial Tenancy Code of Conduct. The Code is a set of principles to guide rent relief negotiations between landlords and tenants and is mandatory.

You can read more information... More >

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08 April 2020

Cromwell Funds Management COVID-19 Asset Valuations Update

COVID-19 continues to be an unprecedented global event and Cromwell recognises the urgent nature of the emergency, our responsibility to help ‘flatten the curve’ and contribute to the ensuing recovery in all the countries, cities and communities in which we operate.

Cromwell CEO, Paul Weightman, has stated, “We are conscious that we have a wide range of stakeholders including employees, securityholders, tenants, suppliers, contractors and service providers impacted by COVID-19.”

“We... More >

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07 April 2020

Cromwell Funds Management Limited (CFM) has issued a Supplementary Product Disclosure Notice (“SPDS”) for the Cromwell Direct Property Fund (“Fund”) to be distributed and read in conjunction with the Product Disclosure Notice dated 29 September 2017 (“PDS”) as follows.

Cromwell Direct Property Fund ARSN 165 011 905 | APIR CODE CRM0018AUCromwell Funds Management Limited ABN 63 114 782 777 | AFSL 333 214Supplementary Product Disclosure Statement

This Supplementary Product Disclosure Statement (“SPDS”), dated 6 April... More >

03 April 2020

COVID-19 continues to have an unprecedented and far-reaching impact across the world. Cromwell recognises the urgent nature of the emergency, the responsibility to help ‘flatten the curve’ and contribute to the ensuing recovery in all of the countries, cities and communities in which we operate.

Cromwell CEO, Paul Weightman, stated, “Almost every business in Australia has been impacted by COVID-19 in some way. The impact of the virus will undoubtedly be far reaching but at the... More >

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02 January 2020

External valuations for assets as at 31 December 2019 held within the Cromwell Direct Property Fund (Fund) has provided good news for unitholders:

433 Boundary Street, Spring Hill increased by 14.3% to $48 million, up from $42 million as at 31 December 2018. The increase in valuation is underpinned by a reduction in the capitalisation rate;64 Allara Street, Canberra increased by 2.8% to $18.5 million, up from the valuation of $18 million as at 31 December... More >

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31 October 2019

Queanbeyan acquisition

Cromwell Direct Property Fund (Fund) has secured its seventh direct commercial property asset, located in the city of Queanbeyan, approximately 15 kilometres south-east of the Canberra CBD for an acquisition price of $35 million, reflecting a passing yield of 6.0%.

The acquisition comprises a 4,052 square metre (sqm) site with 6,300 sqm of net lettable area over a four-level commercial office building, together with basement parking for 101 vehicles, plus limited at-grade on-site spaces; all... More >

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01 October 2019

An external valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, Munno Para, South Australia) as at 30 September 2019 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 7.4% increase in the value of the asset to $33.6 million, up from the valuation of $31.3 million as at 30 September 2018. The increase was underpinned by a reduction in the capitalisation rate.

An external... More >

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01 July 2019

Cromwell Funds Management Limited (CFM) has finalised an interest rate swap for the Cromwell Direct Property Fund’s (Fund) new debt facility (Facility).

The interest rate swap follows the finalisation of the Facility on 28 June 2019, and fixes 50% of the Fund’s current debt ($73.25 million) through until expiry of the Facility in June 2022. The swap is effective from 28 June 2019 and was executed at a rate of 1.18% per annum.

Disclaimer:Cromwell... More >

28 June 2019

Cromwell Funds Management Limited (CFM) is pleased to announce that distributions for the Cromwell Direct Property Fund (Fund) have been increased by 0.25 cents per unit (cpu) per annum from 1 July 2019.

The increase takes the distribution to 7.25 cents per unit per annum.

CFM’s decision to increase distributions by the Fund was underpinned by the successful acquisition of 163-175 O’Riordan Street, Mascot, Sydney, which is accretive to Fund earnings.

If you have any questions or... More >

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28 June 2019

Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Direct Property Fund (the Fund).

As disclosed in section 6.2 of the Fund’s Product Disclosure Statement dated 29 September 2017 (PDS), CFM is required to withhold tax on a non-resident investor’s behalf in respect of any Australian taxable income distributed or attributed by the Fund.

From 1 July 2019, a withholding tax rate of 30% will apply to distributions of any income relating... More >

26 June 2019

Mascot acquisition

The Cromwell Direct Property Fund (Fund) has secured its sixth direct commercial property asset, the Altitude Corporate Centre, located at 163-175 O’Riordan Street, Mascot, Sydney (Altitude Corporate Centre or the Property) for an acquisition price of $113.28 million, reflecting a passing yield of 5.7%.

Altitude Corporate Centre is a 4,733-square metre (sqm) site comprising an A-Grade 11-storey commercial office building with approximately 13,459 sqms of net lettable area (NLA) and 355 car parks. The property... More >

23 May 2019

An external valuation of the 420 Flinders Street, Townsville asset as at 10 May 2019 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 0.4% increase in the value of the asset to $63.75 million, up from the valuation of $63.5 million as at purchase on 21 December 2018.

The increase in value of the asset is expected to affect the unit price for units issued and redeemed in the Fund on and... More >

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01 April 2019

An external valuation of the Parafield Retail Complex asset (located on Main North Road, Parafield, South Australia) as at 31 March 2019 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 6.4% increase in the value of the asset to $29 million, up from the valuation of $27.25 million as at 31 March 2018.

The Fund also benefited from an external valuation increase to the Rand Distribution Centre, located in Direk, SA, owned... More >

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Download the latest Direct Property Fund Disclosure Guide here.

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31 December 2018

An external valuation of the 64 Allara Street, Canberra asset as at 31 December 2018 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 1% increase in the value of the asset to $18 million, up from the valuation of $17.5 million as at 31 December 2017.

The increase in valuation is underpinned by a reduction in the capitalisation rate.

An external valuation of the Boundary Street, Spring Hill asset as at 31 December... More >

19 December 2018

Cromwell Funds Management Limited (CFM) has finalised an amendment to the Cromwell Direct Property Fund’s (Fund) existing debt facility (Facility) with an Australian bank. The Facility limit has increased from $35 million to $55 million, and the term extended for an additional three (3) years, with a new expiry of December 2021. The Facility will be partly drawn to fund the acquisition of 420 Flinders Street, Townsville.

Cromwell Funds Management Limited ABN... More >

14 December 2018

The Cromwell Direct Property Fund (Fund) has secured its fifth direct commercial property asset, located at 420 Flinders Street, Townsville for an acquisition price of $63.5 million which reflects a passing yield of 7.3%.The property is an elevated 1,506 square metre (sqm) site comprising an eight-level office building with approximately 7,929 sqms of net lettable area.The property’s major lease is to Energy Queensland Limited (Energy Queensland), a Queensland Government-owned electricity provider. Energy Queensland... More >

Click here to view the update to complaints handling process.

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Click here to view the Continuous Disclosure Notice

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An external valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, South Australia) as at 30 September 2018 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 3.1% increase in the value of the asset to $31.3 million, up from the valuation of $30.35 million as at 30 September 2017.

The increase in valuation is underpinned by an increase in passing rent.

The increase in value of the Bunnings... More >

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10 April 2018 Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Direct Property Fund (Fund).

As disclosed in section 5.4 of the Fund’s product disclosure statement dated 29 September 2017 (PDS), the acquisition fee in respect of Direct Property assets is charged to the Fund as follows:

CFM is entitled to charge an acquisition fee to the Fund of up to 2.0%... More >

01 January 2021 6 April 2018

An external valuation of the Parafield Retail Complex asset (located at Main North Road, Parafield, South Australia) as at 31 March 2018 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 2.8% increase in the value of the asset to $27.25 million, up from the internal valuation of $26.5 million as at 31 December 2017.

The increase in valuation is underpinned by a reduction in the capitalisation rate.

The increase in value... More >

01 February 2018

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02 January 2018

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31 December 2017

An external valuation of 64 Allara Street, Canberra as at 31 December 2017 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 3.6% increase in the value of the asset to $17.5 million, up from the valuation of $16.9 million as at 31 December 2016.

The increase in value was underpinned by a reduced capitalisation rate of the asset.

An internal valuation of the Parafield Retail Complex, Main North Road, Parafield SA has provided... More >

19 December 2017

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18 December 2017 The Cromwell Direct Property Fund (Fund) has secured its fourth direct commercial property asset, located at 433 Boundary Street, Spring Hill, Brisbane for an acquisition price of $42 million.

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

The property’s major lease is to International Education Services (IES), a provider of education services to international students. IES occupies two of the three floors... More >

25 October 2017

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03 October 2017

An external valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, South Australia) as at 30 September 2017 has provided good news for Cromwell Direct Property Fund (Fund) unitholders: a 4.7% increase in the value of the asset to $30.35 million, up from the valuation of $29.0 million as at 30 June 2017.

The increase in valuation is underpinned by an increase in rental and a reduction in... More >

29 September 2017

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29 September 2017

Cromwell Funds Management Limited (CFM) is the responsible entity of the Cromwell Direct Property Fund (Fund).

Units in the Fund were available for subscription under a product disclosure statement dated 1 September 2016 (2016 PDS).

Units are now available for subscription under a new product disclosure statement dated 29 September 2017 (2017 PDS), and the 2016 PDS is no longer applicable.

The fees and other costs section of the 2017... More >

31 July 2017

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05 July 2017

Click here for the full update

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An internal valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, South Australia) as at 30 June 2017 has provided good news for Cromwell Direct Property Fund (“Fund”) unitholders: a 1.8% increase in the value of the asset to $29.0 million, up from the valuation of $28.5 million as at 30 September 2016.The increase in valuation is underpinned by the expiry of outstanding rental incentives.The increase... More >

24 April 2017

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06 April 2017

An external valuation of the Parafield Retail asset (located on Main North Road, Parafield, South Australia) as at 31 March 2017 has resulted in a 5.0% decrease in the value of the asset to $26.25 million, down from $27.6 million as at 31 March 2016.

The decrease in value was underpinned by a lower rental on Tenancy Two, situated between Officeworks and the former Masters Store. The fall in value was offset by a reduced payment... More >

27 March 2017 Further to our announcement of 16 March 2017, Cromwell Funds Management Limited (ABN 63 114 782 777) (“CFM”) as the responsible entity of Cromwell Direct Property Fund (ARSN 165 011 905) (“DPF”) did not receive a request from unit holders (holding at least 5% of the votes that may be cast on the resolution) to call and arrange to hold a meeting of unit holders of DPF to consider and vote on a special resolution... More >

16 March 2017 PROPOSED CONSTITUTION AMENDMENTS TO FACILITATE ADOPTION OF THE ATTRIBUTION MANAGED INVESTMENT TRUST (AMIT) REGIMENOTICE PURSUANT TO SECTION601GCA OF THE CORPORATIONS ACT

Cromwell Direct Property Fund (ARSN 165 011 905) (“Trust”) is eligible to be an Attribution Managed Investment Trust (“AMIT”) and to apply the new income tax regime for managed investment trusts that was recently enacted under the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (Cth)(“AMIT regime”). The key feature under... More >

28 February 2017

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18 January 2017

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11 January 2017

An external valuation of 64 Allara Street, Canberra as at 31 December 2016 for the Cromwell Direct Property Fund (“Fund”) has resulted in a slight (1.7%) decrease in the value of the asset to $16.9 million, down from the valuation of $17.2 million as at 31 March 2016.

The decrease in value was underpinned by an increased capitalisation rate of the asset.

The updated valuations will affect the unit price for units issued and redeemed on and... More >

10 November 2016

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30 September 2016

An external valuation of the Bunnings asset (located on the corner of Curtis Road and Frisby Road, Angle Vale, South Australia) as at 30 September 2016 has provided good news for Cromwell Direct Property Fund (“Fund”) unitholders: a 2.5% increase in the value of the asset to $28.5 million, up from the ‘as if complete’ valuation of $27.8 million as at 31 March 2016.

The increase in value of the Bunnings asset is expected to affect... More >

02 September 2016

Cromwell Funds Management Limited (“CFM”) is the responsible entity of the Cromwell Direct Property Fund (“Fund”).

Units in the Fund were available for subscription under a product disclosure statement dated 21 August 2013 (“2013 PDS”). A supplementary product disclosure statement was released for the Fund on 28 May 2014 (“SPDS”).

Units are now available for subscription under a new product disclosure statement dated 1 September 2016 (“PDS”), and the 2013 PDS and SPDS are no longer applicable.

The... More >

01 September 2016

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03 August 2016

Cromwell Funds Management Limited (“CFM”) confirms that the lease to Bunnings Group Limited (“Bunnings Lease”) commenced with the Cromwell Direct Property Fund (“Fund”) on 2 August 2016.

The Bunnings Lease triggers the commencement of rental income to the Fund from its property at Munno Para West, South Australia.

If you have any questions please contact your financial adviser, or Cromwell Investor Services on 1300 276 693 or email invest@cromwell.com.au.

Cromwell Funds Management Limited ABN 63 114... More >

27 July 2016

Cromwell Funds Management Limited has finalised a $35m Bank Loan Facility (“the Facility”) for three years with an Australian bank. The Facility will enable the acquisition of $15,085,000 or 10,134,000 units in the Cromwell Riverpark Trust.

If you would like to know more about the Cromwell Direct Property Fund, please visit www.cromwell.com.au/dpf, or contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.

Cromwell Funds Management Limited ABN 63 114... More >

12 July 2016

Masters Parafield, Parafield Airport, Main North Road, Parafield, SA (“Parafield”)

Cromwell Funds Management Limited (“CFM”) confirms that the lease to Masters Home Improvement Australia Pty Ltd (“Masters Lease”) (guaranteed by Woolworths Limited) commenced with the Cromwell Direct Property Fund (“Fund”) on 8 June 2016.

The Masters Lease triggers the commencement of rental income to the Fund from the tenancies occupied at Parafield by Masters, Officeworks and Hungry Jack’s.

If you have any questions please contact your financial adviser,... More >

01 July 2016

Cromwell Funds Management Limited (“CFM”) is the Responsible Entity of Cromwell Direct Property Fund ("Fund").

As disclosed in the section titled “Ongoing Fund Costs” of the Fund’s Supplementary Product Disclosure Statement dated 28 May 2014 (“SPDS”), CFM agreed to bear any normal ongoing administrative and operating costs above 0.20% per annum for the period to 30 June 2015. This SPDS disclosure updated the information on page 22 of the Product Disclosure Statement dated 21 August 2013... More >

01 July 2016

Cromwell Funds Management Limited (“CFM”) is pleased to announce that distributions for the Cromwell Direct Property Fund (“Fund”) have been increased to 7.0 cents per unit (“cpu”) from July 2016.

CFM’s decision to increase distributions by the Fund was underpinned by an increase in annual rental income for the Fund, in addition to the Masters Parafield, SA building reaching practical completion and subsequent commencement of the lease, and the upcoming practical completion of the Bunnings Munno... More >

30 May 2016

Cromwell Funds Management Limited (“CFM”) is the responsible entity of the Cromwell Direct Property Fund (“the Fund”).

A related party of CFM, Cromwell Capital Pty Ltd ABN 47 098 390 768 (“Cromwell Capital”), has been appointed to provide finance arrangement services to the Fund. Cromwell Capital and CFM are wholly-owned subsidiaries of Cromwell Corporation Limited.

Cromwell Capital will charge the Fund fees for those finance arrangement services at commercial market rates for the provision of... More >

01 April 2016

External valuations as at 31 March 2016 of the three direct property assets owned by the Cromwell Direct Property Fund (the Fund) have provided good news for Fund unitholders, with all three assets having increased in value. The three direct property assets of the Fund are:

64 Allara Street, Canberra ACT;Masters Parafield, Parafield Airport, Main North Road, Parafield SA; andBunnings asset located on the corner of Curtis Road and Frisby Road, Angle Vale SA.

64 Allara Street... More >

21 March 2016

Download the latest Cromwell Direct Property Trust Disclosure Guide here.

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02 December 2015

The Cromwell Direct Property Fund (“the Fund”) has acquired a 4.1 hectare site in Munno Para West (Angle Vale), South Australia and entered into a fixed price development agreement with GIC Australia to construct a Bunnings Warehouse with a forecast as complete value of $27.5 million.

The acquisition will reflect a yield of 6.45% per annum on passing income from a long term lease to Wesfarmers Limited subsidiary Bunnings. The Fund will also earn 7.0% per... More >

30 September 2015

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30 July 2015

In May 2015, Cromwell Funds Management (“CFM”) drew investors’ attention to the Cromwell Direct Property Fund’s accumulation of significant cash holdings which had a negative impact on the underlying earnings of the Fund. At the same time, the Reserve Bank of Australia further reduced Australian cash rates due to economic uncertainty.

As a responsible fund manager, CFM determined it would adopt a conservative approach and reduce distributions to 4.75 cents per unit (“cpu”) until it was... More >

14 July 2015

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (“CFM”) has acquired a property at 64 Allara Street, Canberra, ACT (“Allara Street Property”) on behalf of the Cromwell Direct Property Fund ARSN 165 011 905 (”the Fund”) for$16.8 million. Settlement is expected to occur on 20 July 2015.

The asset is the second direct property investment for the Fund, which also holds stakes in four of Cromwell’s ‘back to basics’ property trusts. In addition,... More >

24 June 2015 Masters Parafield, SAMasters Parafield, Parafield Airport, Main North Road, Parafield, SA

Cromwell Funds Management Limited has acquired a property at Parafield in South Australia on behalf of the Cromwell Direct Property Fund (”the Fund”) with a completion value of $27.25 million. The Fund has entered into a fixed price development agreement to construct a Masters store located at Parafield Airport, Main North Road, Parafield, SA.

The asset is the first direct property investment for the Fund, which... More >

15 April 2015

Cromwell Direct Property Fund Distributions Reduced To 4.75 Cents Per Unit From 1 May 2015

For some time now the Cromwell Direct Property Fund (“the Fund”) has been cautiously building up its cash reserves to fund an acquisition. This cash build up has had a negative impact on the underlying earnings of the Fund. As a result the decision has been made that, from 1 May 2015, distribution payments will be reduced from the current 7.25... More >

16 March 2015

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06 March 2015

Daryl Wilson, Executive Director of Cromwell Property Group (ASX:CMW) (Cromwell), has retired as a director of Cromwell Property Securities Limited, Cromwell Corporation Limited and all Cromwell subsidiaries.

If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.

... More >

15 September 2014

Download the latest Direct Property Fund Disclosure Guide here.

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21 August 2014

To make an initial or additional investment in the Cromwell Direct Property Fund (the Fund), direct investors can pay their application moneys by cheque, BPay or direct debit. Payments made by cheque may take some days to be ‘cleared funds’. However, Cromwell Funds Management Limited (CFM) will now accept an otherwise complete application on the day of receipt (or deemed receipt as the case may be) even if payment is made by cheque or direct... More >

10 July 2014

Cromwell is pleased to announce that distributions for the Cromwell Direct Property Fund (the Fund) have been increased by 0.25% from July 2014.

The increase takes the distribution to 7.25 cents per unit, per annum. Distributions will continue to be paid monthly.

Cromwell’s decision to increase distributions by the Fund was underpinned by increases in distributions from the underlying assets owned by the Fund.

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared... More >

04 June 2014

Cromwell Funds Management Limited ("CFM"), as responsible entity of the Cromwell Direct Property Fund ("the Fund"), issued a product disclosure statement for the Fund dated 21 August 2013 ("PDS") and a supplementary product disclosure statement dated 28 May 2014 ("SPDS").

Section 1.4 of the PDS outlined the anticipated timing of the investments making up the Initial Investment Portfolio. Although CFM has commenced acquiring the Initial Investment Portfolio, it has updated when it expects to complete... More >

01 May 2014

Cromwell Funds Management Limited (CFM) is the Responsible Entity (RE) of Cromwell Direct Property Fund (DPF).

Under the DPF Constitution, CFM as the RE of DPF, may offer the Limited Monthly Withdrawal Facility from 1 July 2015 and each month after that date.

CFM has resolved to modify the DPF Constitution so that the Limited Monthly Withdrawal Facility may be activated before 1 July 2015.

CFM has notified the Australian Securities & Investments Commission of... More >

29 April 2014

An external independent valuation of the ATO Building as at 1 March 2014 has provided good news for Cromwell Box Hill Trust (Trust) unitholders: a 1.1% increase in the value of the ‘as complete’ asset to $118 million, up from $116.75 million as at 30 November 2012.

The increase in value is underpinned by a 0.25% decrease in the capitalisation rate. Savills Valuation Pty Ltd carried out the valuation.

The net asset value (NAV) of the Trust... More >

30 March 2014

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12 March 2014

Cromwell respects the privacy of its investors and is committed to protecting their personal information.

The way we manage personal information is governed by the Privacy Act 1988 (Cth) and the Australian Privacy Principles established under the Privacy Act.

On 12 March 2014, Australia’s Privacy Act changed, and Cromwell’s Privacy Policy has been updated to comply with the changes. Click here to read our updated Privacy Policy.

Cromwell may also disclose some of your personal information... More >

30 September 2013

Since Cromwell Funds Management Limited (“CFM”), as responsible entity of the Cromwell Direct Property Fund (“DPF” or “the Fund”), issued the Product Disclosure Statement for the Fund on 21 August 2013, there have been no changes to the RG46 disclosure principles for the Fund.

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03 September 2013

Cromwell Property Group (ASX: CMW) has launched a new unlisted property investment, the Cromwell Direct Property Fund (the "Fund"), to satisfy market demand for a property investment vehicle capable of providing monthly income from a portfolio of quality property assets.

The Fund, which has a suggested investment timeframe of seven years, will commence monthly distributions at 7% pa1 (based on a $1.00 unit price) and offer a tax-advantaged income stream2 combined with the potential for capital... More >