Cromwell has developed exceptional in-house property development, project management and technical capabilities that allow it to identify and deliver value for investors and capital partners through innovative development and construction projects, whole-of-building refurbishments and adaptive re-use and asset transformations, all of which incorporate market leading sustainability initiatives.
The key to Cromwell’s ongoing development and property project success is the experience and capabilities of its different development, property, technical and sustainability team members. The ability to draw upon their collective expertise, wherever they may be, facilitates an agile and holistic approach to developments with the ability to flexibly allocate resource and expertise dependant on the nature, type or stage of a project.
The development capabilities consist of four distinct but complementary skillsets. They are technical due diligence, development management, project management and sustainability.
1. Technical Due Diligence
Cromwell’s technical due diligence capability combined with its legal, finance, property and asset management and transactions teams support the acquisition, development, and refurbishment decisions made to ensure the best risk-adjusted outcome for investors..
2. Development Management
Cromwell’s development approach has a focus on identifying, realising and delivering value for securityholders, joint venture partners, investors and capital partners. Cromwell takes a risk-adjusted approach to development, which can range from new builds, through to heavy refurbishment and the repositioning of assets.
The team oversees the full development process from technical due diligence, conceptual design and feasibility, through all aspects of project management and delivery and then to completion and handover to our Asset and Facilities Management teams. This includes responsibility for stakeholder engagement and coordination across the business, incorporating input from Transactions, Finance, Property Management, Sustainability, Leasing, Marketing and Legal departments.
3. Project Management
Cromwell’s project management capabilities extend across a wide range of property upgrades, structural strengthening, modernisation, fitout and sustainability initiatives. Cromwell brings a unique blend of expertise, long-term operational awareness and tenant-customer focus to its refurbishment projects. There is extensive experience in the delivery of complex refurbishment and integrated fitouts, especially with tenant-customers in-situ whilst the works are delivered.
Cromwell is focused on demonstrating leadership in, as well as embedding and reporting on, sustainability best practice. Cromwell’s Sustainability Committee is responsible for setting policy, reporting to the Board of Directors and for implementing all corporate social governance commitments. The Committee includes representatives from each area of the business and provides regular reporting and progress updates to the CEO, Board of Directors, employees and other key stakeholders, as well as preparing the annual Sustainability Report.