Property
Property fund manager’s stock pops as it says goodbye to Europe
![](https://investmoneyuk.com/wp-content/uploads/2024/05/486a43cfb3b2bc9fa2e9d6630521ada57bf15c07-780x470.jpeg)
Struggling Brisbane-based fund manager Cromwell Property Group has sold its European platform for $457 million, which, coupled with the sale of a Polish malls portfolio last week, completes its exit from Europe and dramatically deleverages the $1.1 billion ASX-listed company.
Chaired by Gary Weiss and led by Jonathan Callaghan, Cromwell’s perseverance was quickly rewarded, with its stock jumping on the news and closing 8 per cent higher at 47¢.
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