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Cromwell Property Group ( (AU:CMW) ) just unveiled an announcement.
Cromwell Property Group has announced a significant development project in Barton, ACT, involving a 19,800 sqm office building for a Commonwealth Government entity. This project, designed to achieve high environmental ratings, represents a strategic growth phase for Cromwell, offering long-term income stability with a 15-year lease. The project is expected to attract future capital partners as Cromwell transitions to a capital light investment model. Additionally, Cromwell has renegotiated its debt facilities, resulting in more favorable terms and a reduced credit margin, reflecting its strengthened financial position post-business simplification.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
More about Cromwell Property Group
Cromwell Property Group (ASX:CMW) is a real estate investor and manager with $4.5 billion of assets under management in Australia and New Zealand as of 31 December 2024. It is a trusted partner and investment manager to a range of local and global investors, capital providers, and banking partners, known for creating value and delivering superior risk-adjusted returns throughout the real estate investment cycle.
Average Trading Volume: 9,242,040
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$916.6M
Find detailed analytics on CMW stock on TipRanks’ Stock Analysis page.