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Cromwell and Australian Unity call off fund merger

Three months since it was first announced, the firms have confirmed the proposed merger of the Cromwell Direct Property Fund and the Australian Unity Diversified Property Fund will not be going through. ....

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Cromwell offloads half of its Italian logistics to reduce debt

Cromwell has struck a deal to create a joint venture with Hong Kong-based asset manager Value Partners Group, exchanging on the sale of a 50 per cent stake in its Italy logistics fund assets. ....

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