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An update from Cromwell Property Group ( (AU:CMW) ) is now available.
Cromwell Property Group has announced the sale of its 50% stake in the Chatswood joint venture property located at 475 Victoria Avenue, NSW, for approximately $87 million. This transaction is expected to positively impact Cromwell’s FY2026 earnings and reduce the Group’s gearing by about 3%. The sale, which is at a 9% discount to the most recent valuation, is anticipated to complete in the first quarter of FY2026 and will result in a property IRR of over 8.5% over the investment period.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 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. The company 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: 9,669,224
Technical Sentiment Signal: Hold
Current Market Cap: A$1.03B
Learn more about CMW stock on TipRanks’ Stock Analysis page.