Rundle Place deal ditched by Cromwell

Original article by Su-Lin Tan
The Australian Financial Review – Page: 34 : 13-Sep-19

Property group Cromwell has pulled out of a possible $250 million transaction to acquire Rundle Place in Adelaide from private equity company Blackstone. AMP Capital had previously passed up on the chance to purchase Rundle Place, which consists of a shopping centre and an 11-storey office tower, in June. Blackstone purchased Rundle Place for over $400 million dollars in early 2016.

CORPORATES
CROMWELL PROPERTY GROUP – ASX CMW, THE BLACKSTONE GROUP LP, AMP CAPITAL INVESTORS LIMITED

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