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CROMWELL PROPERTY GROUP — Major Shareholding Notification 2016
Apr 11, 2016
64673_rns_2016-04-11_6a2ba19a-1db6-4ab2-8393-2edb20fe0f8f.pdf
Major Shareholding Notification
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ASX Announcement
12 April 2016
CROMWELL ACQUIRES STAKE IN IOF
Cromwell Property Group (ASX:CMW) today announced that Cromwell Property Securities Limited as responsible entity for Cromwell Diversified Property Trust (the Trust) acquired a relevant interest in 9.83% units of Investa Office Fund (ASX:IOF) on 12 April 2016. Settlement of the acquisition is to occur on a T+1 basis.
The acquisition, which was funded by a combination of debt and equity, is consistent with Cromwell’s stated strategy in its HY16 results announcement to be ready to capitalise when the right opportunities present themselves. Cromwell’s HY16 results were announced on 19 February 2016.
Contacts:
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/ASX 200. As at 31 December 2015, Cromwell had a market capitalisation of $1.8 billion, a direct property investment portfolio in Australia valued at $2.2 billion and total assets under management of $9.8 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