MANAGING BRISBANE'S LARGEST PROPERTY INVESTMENT TRUST

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Board exodus gathers pace at The Star after O’Neill resigns as chairman

Board exodus gathers pace at The Star after O’Neill resigns as chairman

The Star Entertainment Group (ASX: SGR) is now on the hunt for a ne...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Vet services business Apiam Animal Health (ASX: AHX) has gone ...

Scrap metal recycler Sims picks up Brisbane port site for $88 million

Scrap metal recycler Sims picks up Brisbane port site for $88 million

In order to acquire one of the few remaining Brisbane sites with de...