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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