Despite a demanding timeframe, the MinterEllison team worked very closely with Cromwell around the clock in order to complete the transaction before Christmas. 

MinterEllison Partner Daniel Scotti said, "We are very pleased to have been able to assist Cromwell in meeting their strategic capital raising targets for the year. The transaction ran very smoothly despite the challenging timeframe, which is a reflection of the experience and of all parties involved, and our close working relationship with Cromwell, which we value very highly".

As at 30 June 2018, Cromwell had a market capitalisation of $2.2 billion, a direct property investment portfolio in Australia valued at $2.5 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe.

This offer is the latest in a series of strategic capital raisings which MinterEllison has acted on for Cromwell over the past 12 months. This included its $170 million strategic placement in December 2017, its $35 million security purchase plan in February 2018, and its €230 million convertible bond offering in March 2018. 

MinterEllison Partner Ker Wei Tiam, who led the MinterEllison transaction team, said "Cromwell has been active in capital markets over the past 12 months, and we are delighted to have had the opportunity to support them on each transaction. This transaction required the involvement of our market leading investment funds, equity capital markets and government practice groups. We are delighted to have been able to provide a premium full service offering to Cromwell."