Australia's Cromwell Property Group jumps on sale of Polish retail centres

Cromwell Property

16/05/2024 01:54

** Shares of Cromwell Property Group  CMW.AX  rise as much
as 3.9% to A$0.405, posting their biggest intraday percentage
gain since March 28
    ** Stock hits its highest level in a week
    ** Real estate investor sells its Polish retail centres for
285 mln euros ($310.34 mln)
    ** About 1.7 mln shares change hands, compared with the
30-day average volume of around 1.2 mln.
    ** Stock down 7.1% YTD, based on last close

($1 = 0.9184 euros)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))