Australia's Cromwell Property rises on expanding Australian industrial portfolio

Cromwell Property

11/11/2025 24:28

** Shares of Cromwell Property Group CMW.AX rise 1.7% to A$0.463, heading for their best day since October 22, if gains hold

** Co to buy 19.9% stake in Straits Real Estate's Australian industrial portfolio for A$47.6 million ($30.93 million)

** Co to also buy the portfolio's existing management platform for initial A$2.0 million

** The portfolio of Straits Real Estate, a unit of Singapore's Straits Trading STCM.SI, comprises seven industrial assets located across Victoria and South Australia

** Stock up ~21% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com))