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