MANAGING BRISBANE'S LARGEST PROPERTY INVESTMENT TRUST

Written on the 13 May 2011

MANAGING BRISBANE'S LARGEST PROPERTY INVESTMENT TRUST

WHEN CEO Paul Weightman (pictured) describes Cromwell Property Group’s performance over the last 13 years as having ‘exceeded initial expectations’, the former taxation lawyer could be accused of understating recent achievements.

Now boasting a market capitalisation of $687 million, $1.8 billion of funds under management and a property investment portfolio worth around $1.4 billion, the property investment and funds management company is one of Brisbane’s largest ASX-listed corporations – in fact it came in at No.17 in the annual 2011 Brisbane Top Companies edition of Brisbane Business News.

Weightman left his post as a senior partner of Freehills Brisbane to recapitalise small property syndicator Westholme Limited and co-found Cromwell in 1998 with a handful of investors.

He says the start-up spent the initial $600,000 ‘pretty quickly’, but felt the opportunity to build a Brisbane-based ‘retail syndication and funds management business’ was too good to let slip.

In the May edition, Weightman speaks about achieving his corporate goals, the city’s property investment sector and the state economy. Get your copy of Brisbane Business News now.


Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter