BUZZ-Australia's Cromwell Property rises on expanding Australian industrial portfolio

Reuters

2025/11/11

BUZZ-Australia's <a href="https://laohu8.com/S/CMW.AU">Cromwell Property</a> rises on expanding Australian industrial portfolio

** 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))

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08:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/CMW.AU\">Cromwell Property</a> rises on expanding Australian industrial portfolio</title></head><body><p>** Shares of Cromwell Property Group <span>CMW.AX</span> rise 1.7% to A$0.463, heading for their best day since October 22, if gains hold</p><p>** Co to <span>buy</span> 19.9% stake in Straits Real Estate's Australian industrial portfolio for A$47.6 million ($30.93 million)</p><p>** Co to also buy the portfolio's existing management platform for initial A$2.0 million</p><p>** The portfolio of Straits Real Estate, a unit of Singapore's <a href=\"https://laohu8.com/S/STTSY\">Straits Trading</a> <span>STCM.SI</span>, comprises seven industrial assets located across <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a> and South Australia</p><p>** Stock up ~21% this year, including the day's move</p><p>($1 = 1.5389 Australian dollars)</p><p> (Reporting by John Biju in Bengaluru)</p><p> ((John.Biju@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S20.SI","symbol_name":"海峽貿易有限公司.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251111:nL6N3WN01Q:1","article_id":"2582384465","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582384465","pubTimestamp":1762820881,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Cromwell Property rises on expanding Australian industrial portfolio** Shares 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