Cromwell Property Sells Sydney Office Stake to Exit $87m Debt

Cromwell Property sells Sydney office stake to exit $87m debt

Co-owner BlackRock has acquired the group’s stake in an A-grade Chatswood complex to now gain full control of the asset.

Cromwell sells Chatswood JV stake to Brookfield for $87 million

Cromwell Property Group (ASX: CMW) has signed a deal to sell its 50% share in the Chatswood joint venture to Brookfield Australia for $87 million, marking a strategic shift in its investment focus. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The property comprises twin 13‑storey office towers, ground‑floor retail, and three basement park…

Cromwell Property Group to Sell Stake in Chatswood Joint Venture

Cromwell Property Group (ASX: CMW) has announced it will sell its 50% stake in 475 Victoria Avenue, Chatswood, NSW. Cromwell is a real estate investor and manager with $4.5 billion of assets under management in Australia and New Zealand. The company partners with local and global investors, capital providers and banking partners, delivering risk-adjusted returns throughout the real estate investment cycle. The sale price for Cromwell’s share is …