Cromwell to acquire a 19.9% stake in SRE industrial portfolio from Straits Real Estate for AUD47.6m.

Cromwell, a real estate investor and fund manager, agreed to acquire a 19.9% stake in SRE industrial portfolio from Straits Real Estate, a real estate investment company, for AUD47.6m. “This initiative reflects our continued progress in repositioning Cromwell as a capital-light, investment manager. By expanding our AUM, integrating a proven management team and partnering with an institutional investor of Straits Trading’s calibre, we’re strengthening our platform and creating new opportunities to partner with capital providers in sectors where we see long-term value,” Jonathan Callaghan, Cromwell Property Group CEO.