Cromwell to wind up direct property fund after liquidity event

Cromwell Property Group has advised that Cromwell Funds Management Limited (CFM), the responsible entity for the Cromwell Direct Property Fund (DPF), will begin realizing fund assets and ultimately winding up the fund. This decision follows the conclusion of a recent liquidity event. Net proceeds from asset sales will be progressively distributed, with timing dependent on market conditions and specific asset strategies.

The company anticipates the asset realization and wind-up process will not materially impact Cromwell's FY26 operating earnings. Furthermore, there will be no change to the previously guided FY26 distribution of 3.0 cps.

Cromwell Property Group, as of June 30, 2025, manages $4.2 bn in assets across Australia and New Zealand, serving as a real estate investment manager for a diverse range of investors.