Cromwell follows ASIC’s good practice guidance for website disclosure of material information. This means that all material information in relation to the Cromwell Property Trust 12 will be posted on this webpage as soon as practicable after Cromwell becomes aware of it.
28 June 2019
Distributions Increased to 9.0 cpu pa
Cromwell Funds Management Limited (CFM) is pleased to announce that distributions for the Cromwell Property Trust 12 (Trust) have been increased by 0.25 cents per unit (cpu) from 1 July 2019.
The increase takes the distribution to 9.0% per annum, based on the unit issue price of $1.00. Distributions will continue to be paid monthly.
CFM’s decision to increase distributions by the Trust was underpinned by an increase in annual rental income.
If you have any questions,... More >
21 May 2019
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >01 April 2019
Asset Valuation Update - Cromwell Property Trust 12
An external valuation of the Rand Distribution Centre, located in Direk, SA as at 31 March 2019 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 4.5% increase in the value of the asset to $52 million, up from $49.75 million as at 31 December 2018.
The increase in value is underpinned by a reduction in the capitalisation rate.
The provisional net tangible asset value (NTA) of the Trust is forecast to increase to... More >
28 February 2019
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >31 December 2018
Asset Valuation Update - Cromwell Property Trust 12
An internal valuation of the Rand Distribution Centre, located in Direk, SA as at 31 December 2018 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 1.5% increase in the value of the asset to $49.75 million, up from $49 million as at 31 March 2018.
The increase in value was underpinned by increased rental.
The provisional net tangible asset value (NTA) of the Trust is forecast to increase to $1.33 at 31 December... More >
22 October 2018
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >03 October 2018
Asset Valuation Update - Cromwell Property Trust 12
An external valuation of the 19 George Street, Dandenong asset as at 30 September 2018 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 1.3% increase in the value of the asset to $95.2 million, up from $94 million as at 30 September 2017.
The increase in value was underpinned by a reduction in the capitalisation rate, an increase in passing rent, but a softer market rent adopted by the valuer
The provisional net... More >
21 August 2018
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >02 July 2018
Distributions Increased to 8.75 cpu pa
Cromwell Funds Management Limited (CFM) is pleased to announce that distributions for the Cromwell Property Trust 12 (Trust) have been increased by 0.25 cents per unit (cpu) from July 2018.
The increase takes the distribution to 8.75% per annum, based on the unit issue price of $1.00. Distributions will continue to be paid monthly.
CFM’s decision to increase distributions by the Trust was underpinned by an increase in annual rental income.
If you have any questions, please... More >
09 May 2018
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >06 April 2018
Asset Valuation Update - Cromwell Property Trust 12
An external valuation of the Rand Distribution Centre, Direk, SA asset as at 31 March 2018 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 6.5% increase in the value of the asset to $49 million, up from the valuation of $46 million as at 31 March 2017.
The increase in value was underpinned by a decrease in the capitalisation rate.
The provisional net tangible asset value (NTA) of the Trust is... More >
26 February 2018
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >25 October 2017
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >11 October 2017
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >03 October 2017
Asset Valuation Update – Cromwell Property Trust 12
An external valuation of the 19 George Street, Dandenong asset as at 30 September 2017 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 1.1% increase in the value of the asset to $94.0 million, up from $93 million as at 30 June 2017.
The increase in value was underpinned by an increase in passing rent.
The provisional net tangible asset value (NTA) of the Trust is forecast... More >
05 July 2017
Cromwell Property Trust 12 Election to be an Attribution Managed Investment Trust
Click here for the full update
... More >03 July 2017
Distributions Increased to 8.50 cpu pa
Cromwell Funds Management Limited (“CFM”) is pleased to announce that distributions for the Cromwell Property Trust 12 (“Trust”) have been increased by 0.25 cents per unit (“cpu”) from July 2017.The increase takes the distribution to 8.50% per annum, based on the unit issue price of $1.00. Distributions will continue to be paid monthly.CFM’s decision to increase distributions by the Trust was underpinned by an increase in annual rental income.If you have any questions,... More >
03 July 2017
Asset Valuation Update
An internal valuation of the 19 George Street, Dandenong asset as at 30 June 2017 has provided good news for Cromwell Property Trust 12 (“Trust”) unitholders: a 0.5% increase in the value of the asset to $93.0 million, up from $92.5 million as at 30 September 2016.The increase in value was underpinned by a 1.2% increase in market rent.The provisional net tangible asset value (NTA) of the Trust (subject to the audit) is forecast... More >
02 May 2017
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >06 April 2017
Asset Valuation Update
An external valuation of the Rand Distribution Centre as at 31 March 2017 has provided good news for Cromwell Property Trust 12 (“Trust”) unitholders: a 6.5% increase in the value of the asset to $46 million, up from $43.2 million as at 31 December 2016.
The increase in value was underpinned by a 0.5% reduction in the capitalisation rate from 7.5% to 7.0%
The provisional net tangible asset value (“NTA”) of the Trust has increased from $1.26... More >
27 March 2017
Cromwell Property Trust 12 – Constitution Amendments
16 March 2017
Notice of Proposed Trust Constitution Amendments
Cromwell Property Trust 12 (ARSN 166 216 995) (“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 >
24 January 2017
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >11 January 2017
Asset Valuation Update
An internal valuation of the Rand Distribution Centre as at 31 December 2016 has provided good news for Cromwell Property Trust 12 (“Trust”) unitholders: a 3.6% increase in the value of the asset to $43.2 million, up from $41.7 million as at 30 June 2016.
The increase in value was underpinned by a 3.5% increase in rental income.
The provisional net tangible asset value (NTA) of the Trust (subject to the audit) is forecast to increase to... More >
10 November 2016
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >30 September 2016
Asset Valuation Update
An external valuation of the ATO Dandenong building as at 30 September 2016 has provided good news for Cromwell Property Trust 12 (“Trust”) unitholders: a 6.3% increase in the value of the asset to $92.5 million, up from the valuation of $87 million as at 30 September 2015.
The increase in value was underpinned by a 3.75% increase in rental income and a 0.75% reduction in the discount rate.
The provisional net tangible asset value (“NTA”) of... More >
14 September 2016
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >01 July 2016
Distributions Increased To 8.25 Cpu Pa
Cromwell Funds Management Limited (“CFM”) is pleased to announce that distributions for the Cromwell Property Trust 12 (“Trust”) have been increased by 0.25 cents per unit (“cpu”) from July 2016.
The increase takes the distribution to 8.25% per annum, based on the unit issue price of $1.00. Distributions will continue to be paid monthly.
CFM’s decision to increase distributions by the Trust was underpinned by an increase in annual rental income.
If you have any questions, please contact... More >
21 March 2016
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Disclosure Guide here.
... More >05 January 2016
Asset Valuation Update – Cromwell Property Trust 12
An internal valuation of the Rand Distribution Centre as at 31 December 2015 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 4.0% increase in the value of the asset to $41.7 million, up from $40.1 million as at 18 September 2015.
The increase in value was underpinned by a 3.5% increase in rental income.
The provisional net tangible asset value (NTA) of the Trust (subject to the annual audit) is forecast to increase... More >
01 October 2015
Finalisation Of Bank Facility
Cromwell Funds Management Limited has finalised a $41m Bank Loan Facility with a major Australian bank "the Facility”. The Facility limit was able to be reduced from $64.34m as originally outlined in the Product Disclosure Statement (PDS) to $41m as a result of the sale of Dorcas Street, South Melbourne. All other key commercial terms for the Bank Loan identified in Section 10.9 of the PDS have been met or improved upon.
The Bank Loan has... More >
01 October 2015
ATO Dandenong Building Achieves Practical Completion
Cromwell Funds Management Limited (“CFM”) confirms that the ATO Dandenong Building has achieved practical completion on 1 October 2015 as originally outlined in the Product Disclosure Statement dated 29 October 2013 (PDS). This also triggers commencement of rental income from the ATO lease as outlined in section 10.7 of the PDS.
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... More >
30 September 2015
Latest RG46 Disclosure Guide
Download the latest Cromwell Property Trust 12 Fund Disclosure Guide here.
... More >30 September 2015
Asset Valuation Update - Cromwell Property Trust 12
An external valuation of the ATO Dandenong Building as at 30 September 2015 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 18.4% increase in the value of the asset to $87 million, up from the “as complete” valuation of $73.5 million as at 15 October 2014. CBRE carried out the valuation.
The increase in value is underpinned by a 1.5% reduction in capitalisation rate from 7.50% to 6.0%.
The provisional net tangible... More >
18 September 2015
Rand Distribution Centre Expansion Works Reach Practical Completion
Cromwell Funds Management Limited (“CFM”) confirms that Rand Transport, the tenant at the Rand Distribution Centre in Direk South Australia, completed their $2.75 million expansion project at the property on 4 September 2015. The expansion works increased the rental to Cromwell Property Trust 12 (“the Trust”) by approximately $233,700 and triggered a new 20 year lease over the entire premises.
CFM disclosed to investors in the Product Disclosure Statement dated 29 October 2013 within section 3.3.5... More >
16 August 2015
Cromwell Property Trust 12 Settles Sale Of Dorcas Street, South Melbourne
Cromwell Funds Management Limited (“CFM”) confirms settlement of the sale of 10-16 Dorcas Street South Melbourne in Victoria took place on 17 August 2015 for $30.75 million.
CFM disclosed to investors in the Product Disclosure Statement dated 29 October 2013 the potential for it to sell the South Melbourne asset, or the Rand Distribution Centre in South Australia, before the end of the 7 year term without unitholder approval if the opportunity presented itself.
If you have... More >
09 July 2015
Distributions Increased To 8.00% Pa
Cromwell is pleased to announce that distributions for the Cromwell Property Trust 12 (the Trust) have been increased by 0.25% from July 2015.
The increase takes the distribution to 8.00% per annum, based on the unit issue price of $1.00. Distributions will continue to be paid monthly.
Cromwell’s decision to increase distributions by the Trust was underpinned by an increase in annual rental income.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared... More >
09 July 2015
Asset Valuation Update - Cromwell Property Trust 12
An external valuation of the Rand Distribution Centre at 30 June 2015 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 9.2% increase in the as complete value of Rand Distribution Centre asset to $38.0 million, up from $34.8 million as at 31 December 2014.
The increase in value is underpinned by increased rental income and additional expansion works.
The net tangible asset value (NTA) of the Trust (assuming completion of the ATO Dandenong... More >
21 May 2015
Cromwell Property Trust 12 Enters Unconditional Contract To Sell Asset For 10.7% Premium
Cromwell Funds Management Limited (“CFM”) has taken advantage of the strong Melbourne property market and negotiated an unconditional contract to sell the smallest of the Cromwell Property Trust 12 assets for $30.75 million. Settlement of the unconditional contract of sale is due to take place on 19 August 2015.
CFM disclosed to investors in the Product Disclosure Statement dated 29 October 2013 the potential for it to sell the South Melbourne asset, or the Rand... More >
16 March 2015
Latest RG46 Disclosure Guide
Download the latest Property Trust 12 Disclosure Guide here.
... More >27 January 2015
Asset Valuation Update - Cromwell Property Trust 12
Internal valuations of South Melbourne and the Rand Distribution Centre at 31 December 2014 have provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 1.1% increase in the value of the South Melbourne asset to $27.8 million and a 3.9% increase in the value of Rand Distribution Centre asset to $34.8 million, up from $27.5 million and $33.5 million respectively as at 30 June 2014.
The increase in value is underpinned by increased rentals... More >
04 December 2014
ATO Dandenong Revaluation
An external independent valuation of the ATO Dandenong building as at 14 October 2014 has provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 4.4% increase in the value of the ‘as complete’ asset to $73.5 million, up from $70.39 million as at 30 June 2013.
The increase in value is underpinned by a 0.25% decrease in the capitalisation rate. Urbis Valuations Pty Ltd carried out the valuation.
The net asset value (NAV) of the... More >
15 September 2014
Latest RG46 Disclosure Guide
Download the latest Property Trust 12 Disclosure Guide here.
... More >01 July 2014
Asset Valuation Update - Cromwell Property Trust 12
External independent valuations of South Melbourne and the Rand Distribution Centre at 30 June 2014 have provided good news for Cromwell Property Trust 12 (Trust) unitholders: a 5.8% increase in the value of the South Melbourne asset to $27.5 million and a 2.3% increase in the value of Rand Distribution Centre asset to $33.5 million, up from $25.5 million and $32.8 million respectively as at 29 October 2013.
The increase in value is underpinned by a... More >
30 June 2014
Bank Loan Update
When the Trust’s PDS was prepared, Cromwell Funds Management Limited intended to finalise the Bank Loan by June 2014 (see Section 10.9). However, due to the Bank Loan not being required to be drawn until October 2015 (see Section 1.9.2 of the PDS) and to minimise the costs associated with maintaining an undrawn facility, Cromwell Funds Management Limited has delayed finalisation of the Bank Loan.
Cromwell Funds Management now expects to finalise the Bank Loan... More >
30 March 2014
RG46 Disclosure Guide Update
Since Cromwell Funds Management Limited (“CFM”), as responsible entity of the Cromwell Property Trust 12 (“C12” or “the Trust”), issued the Product Disclosure Statement for the Fund on 29 October 2013, there have been no changes to the RG46 disclosure principles for the Fund.
... More >12 March 2014
Privacy Policy Update
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.
... More >25 February 2014
Settlement Of ATO Land
Settlement of the ATO Land at 11 - 13 Robinson Street, Dandenong VIC was completed on 14 February 2014. The timetable for construction of the ATO Dandenong Building remains on track with Practical Completion expected to occur in September 2015.
If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.
Cromwell Funds Management Limited ABN 63 114 782 777, AFSL 333214 (CFM) has prepared this news... More >
28 October 2013
Rand Distribution Centre Helps Drives 'Dining Boom'
The $32.75 million1 Rand Distribution Centre in South Australia is on track for practical completion in late November, paving the way for the facilities’ first tenant to move in shortly thereafter.
The cold store distribution facility is one of three underlying assets which make up Cromwell’s latest ‘back to basics’ property trust – Cromwell Property Trust 12 (the Trust).
Refrigerated logistics facilities have been in high demand from investors lately. A recent research paper by CBRE2 said... More >
09 August 2013
Cromwell Acquires Three Assets For New Unlisted Trust
Cromwell Property Group (ASX: CMW) is pleased to announce the creation of a new unlisted property trust, Cromwell Property Trust 12 (the Trust), which has contracted to acquire three assets from EPC Pacific Pty Ltd, a direct property, investment and development division of the Pacific Group of Companies.
The assets comprise an existing office building in South Melbourne, Victoria, an office building under construction in Dandenong, Victoria and an industrial building under construction in Direk, South... More >
