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CROMWELL PROPERTY GROUP — Capital/Financing Update 2015
Oct 25, 2015
64673_rns_2015-10-25_624614a8-0708-4974-b25c-f602468fe912.pdf
Capital/Financing Update
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ASX Announcement
26 October 2015
TUGGERANONG OFFICE PARK - FINALISATION OF BANK FACILITY
Cromwell Property Group (ASX:CMW) announced today it has finalised a $200 million Bank Loan facility with a major Australian bank. The new debt facility is secured against the Tuggeranong Office Park, cnr Athllon Drive & Soward Way, Greenway ACT (“the Property”). It replaces the existing debt facility that was due to expire 28 October 2015 and will assist in the development of the Property.
Media Enquiries:
Paul Weightman Managing Director/CEO +61 411 111 028 [email protected]
ENDS.
About Cromwell Property Group
Cromwell Property Group (ASX:CMW) is a Global Real Estate Investment Manager. The Group is included in the S&P/ASX200. As at 30 June 2015 Cromwell had a market capitalisation in excess of $1.8 billion, a direct property investment portfolio in Australia valued at $2.1 billion, and total assets under management and investment capacity of $11.9 billion across Australia, New Zealand and Europe.
Cromwell Property Group (ASX:CMW) comprising Cromwell Corporation Limited (ABN 44 001 056 980) and Cromwell Property Securities Limited (ABN 11 079 147 809 AFSL 238052) as responsible entity for Cromwell Diversified Property Trust (ABN 30 074 537 051 ARSN 102 982 598). Further information and media releases can be found at the Cromwell website: www.cromwell.com.au