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CROMWELL PROPERTY GROUP — Capital/Financing Update 2017
Sep 21, 2017
64673_rns_2017-09-21_8b46fd3b-3a2d-420c-b458-12095550b45e.pdf
Capital/Financing Update
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ASX Announcement
22 September 2017
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CROMWELL ELECTS NOT TO REGISTER PROSPECTUS
Cromwell Property Group (Cromwell) has today announced that despite receiving significant interest from strategic, institutional and retail investors, given current market conditions, it will not proceed with the registration of the Prospectus for the Cromwell European REIT (CEREIT) in accordance with the timetable previously indicated to the market.
“Cromwell continues to believe in the quality of CEREIT’s portfolio, its investment thesis, and the exposure it provides to improving European real estate fundamentals,” said Cromwell CEO Paul Weightman.
Cromwell will re-assess the situation in conjunction with key stakeholders and strategic partners, and will provide a further update in due course.
Media Enquiries:
Australia Paul Cheal (Honner Media) +61 427 755 296
Singapore Bob Ong (Newgate Communications) +65 9767 8557
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ABOUT CROMWELL PROPERTY GROUP
Cromwell Property Group (ASX:CMW) is a Global Real Estate Investment Manager. The Group is included in the S&P/ASX 200. As at 30 June 2017, Cromwell had a market capitalisation of $1.7 billion, a direct property investment portfolio in Australia valued at $2.3 billion and total assets under management of $10.1 billion across Australia, New Zealand and Europe.
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