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Terbium and Brookfield Entities Acquire Significant Stake in Cromwell Property Group

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Terbium and Brookfield Entities Acquire Significant Stake in Cromwell Property Group

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Cromwell Property Group ( (AU:CMW) ) has provided an announcement.

Terbium Property Pty Ltd and Terbium Corporate Pty Ltd, along with associated Brookfield Entities, have become substantial holders in Cromwell Property Group, acquiring a 19.89% voting power through the purchase of 520,849,603 ordinary stapled securities. This acquisition signifies a significant shift in ownership, potentially impacting Cromwell’s future strategic decisions and stakeholder interests.

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 operates in the real estate industry, focusing on property investment and management. It comprises Cromwell Corporation Limited and the Cromwell Diversified Property Trust, with a market focus on diversified property assets.

Average Trading Volume: 9,373,502

Technical Sentiment Signal: Sell

Current Market Cap: A$955.9M

Find detailed analytics on CMW stock on TipRanks’ Stock Analysis page.

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