Home Real Estate Cromwell Property Group to sell Gold Coast centre to CorVal

Cromwell Property Group to sell Gold Coast centre to CorVal

by Paul

The listed Cromwell Property Group has finalised a deal to sell the Bundall Corporate Centre on the Gold Coast to Sydney funds house CorVal Partners for $89 million (£68 million).

While Cromwell’s intentions towards take over target Investa Office Fund remain unclear the group had made a windfall on the Bundall complex.

The deal comes after Cromwell (CMW) lodged a planning application with Gold Coast Council in February for a $1 billion (£0.77 billion) multistage retail and residential masterplan.

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