Cromwell Property Group Refocuses on Australian Growth

Cromwell Property Group (AU:CMW) has released an update.

Cromwell Property Group has announced its annual results, highlighting the strategic sale of its European assets, which positions the company for future growth in Australia. The group achieved a significant reduction in net debt and has a strong investment portfolio in Australian real estate, but reported a statutory loss due to valuation changes and asset sales. This transition aims to streamline operations and capitalize on opportunities within the Australian market, backed by a robust portfolio and improved financial health.

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